The Trump Accounts contribution pilot program, created by the One Big Beautiful Bill that’s set to expire at the end of 2028, would be permanently extended under legislation led by U.S. Reps. Adrian Smith (R-NE) and Blake Moore (R-UT).
The Trump Accounts for All Generations Act, H.R. 8313, would ensure that every future American newborn could receive the $1,000 investment when opening a Trump Account while also indexing the $1,000 investment to inflation beginning in 2029.
“The Trump Account contribution pilot program opened the door for parents to provide their children with a strong financial foundation from day one. But this historic investment is at risk of disappearing after President Trump leaves office,” Rep. Smith said. “I introduced the Trump Accounts for All Generations Act to ensure that every future generation of Americans can have a strong financial start in life.”
Under the One Big Beautiful Bill, Republicans created an opportunity for parents, guardians, and other authorized individuals to establish a new tax-advantaged savings account for their children called Trump Accounts that also give them the ability to contribute up to $5,000 annually.
In addition to creating these accounts, the law authorized a pilot program contribution of $1,000 for any child who is a U.S. citizen with a valid Social Security number born between Jan. 1, 2025, and Dec. 31, 2028.
If enacted, H.R. 8313 would make the $1,000 Trump Account contribution permanent and index the investment to inflation starting in 2029, according to a bill summary provided by the lawmakers.
“Trump Accounts will set our children up for financial stability and the $1,000 federal contribution for newborns will jumpstart their savings,” said Rep. Moore. “I was proud to lead the original legislation that launched the program and I’m excited to introduce the Trump Accounts for All Generations Act to make this federal investment permanent for generations to come.”