White House touts plan to provide $1K investment accounts for newborns

President Donald Trump is hosting a White House event on Monday touting a policy in the One Big Beautiful Bill Act that would create investment accounts seeded with $1,000 for all newborn U.S. citizen children.

The event is expected to be attended by the CEOs of several firms who plan to contribute to the accounts on behalf of their employees, including Dell, Uber and Goldman Sachs. The event was first reported by NBC News.

The provision would launch a pilot program to create so-called "Trump Accounts" for children born between Jan. 1, 2024 and Jan. 1, 2029, which would be seeded with a $1,000 investment from the federal government. The investment would go into a tax-deferred, low-cost index fund tracking the overall stock market, which would be controlled by the child's guardians.