President Trump will host a White House roundtable today to highlight a provision in the massive Republican domestic policy bill that would seed $1,000 into investment accounts for all newborn American children.
The so-called “Trump Accounts” will be created for every U.S. citizen child born between Jan. 1, 2024 and Jan. 1, 2029, as part of a pilot program included in the bill that passed the House last month.
The government’s $1,000 investment will go into an index fund account that tracks the overall stock market, controlled and owned by the child’s guardians. Additional contributions of up to $5,000 annually are allowed, with the funds accessible beginning at age 18 for educational, home-buying or business-creation related expenses.
CEOs attending today’s roundtable in the White House’s State Dining Room include the heads of Uber, Dell and Goldman Sachs. They are expected to announce billions of dollars in collective investments into Trump accounts for the children of their employees, according to a White House spokesperson.
The event comes as the Trump administration has been working to muscle the president’s signature domestic policy legislation, which includes an extension of expiring tax cut and money for immigration enforcement, through the Senate before the Fourth of July, and amid attacks on its spending and cost from deficit hawks, including Elon Musk.
“I didn’t go out to craft a piece of legislation to please the richest man in the world,” House Speaker Mike Johnson, R-La., said in response to Musk’s criticisms in an interview with ABC News on Sunday. “What we’re trying to do is help hardworking families who are trying to make ends meet.”
Republicans have sought to highlight the bill’s most popular provisions, especially those seen as most helpful to working class Americans.
“The passage of the One Big Beautiful Bill will literally change the lives of working, middle class families across America by delivering the largest tax cuts in history, increasing the child tax credit, and by creating this incredible new ‘Trump Account’ program, which will put the lives of young Americans on the right financial path!” White House press secretary Karoline Leavitt said in a statement to NBC News.
