Last week, 530A Accounts, commonly known as “Trump Accounts,” opened for families to invest money in their children’s future.

President Donald Trump has rung the opening bells for the New York Stock Exchange and the Nasdaq from the Oval Office.

Federal government seeding $1,000 investment accounts for 1.4 million eligible children starting July 4

First lady Melania Trump and Treasury Secretary Scott Bessent have announced the launch of Fostering the Future Accounts.

Claiming to give every child “a shot at financial freedom,” President Donald Trump is unveiling the new Trump Accounts initiative, which gives $1,000 to every newborn if their parents open an account.

The U.S. Treasury asked major philanthropic donors to contribute to new investment accounts for children Wednesday in part of what Secretary Scott Bessent called a “50 State Challenge” to raise funds for the Trump Accounts program.

Billionaires Michael and Susan Dell pledged a historic $6.25 billion on Tuesday to provide an incentive to families to adopt new investment accounts for children.

A House Republican proposal backed by President Donald Trump would set up tax-deferred investment accounts with $1,000 for infants born across the U.S. It builds on the concept of baby bonds, which some cities have begun introducing as a way to reduce gaps between wealthy people and poor people.