Trump unveils "Trump accounts," says newborns will be enrolled and many will receive $1,000 seed
July 06, 2026 | Department of State, Executive, Federal
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President Donald J. Trump announced the launch of "Trump accounts" on the White House Rose Garden lawn, saying the program will enroll newborns and that "many" children have received a one-time $1,000 seed contribution from public and private sources.
The president described the effort as part of America's 250th-year initiatives and said it was made possible by "the great, big, beautiful bill" recently passed by Congress. "Already more than 6 million Americans have signed up for Trump accounts," he said, and "many are receiving a one-time seed contribution of $1,000." He credited private donors and corporate partners for funding and promoting the accounts.
Trump framed the accounts as a way to give children a financial head start by investing in the stock market. "Every newborn child will be invested in the stock market," he said, adding that accounts could grow to "hundreds of thousands of dollars" by the time children reach adulthood if markets perform well.
The president recognized several attendees he said helped launch the program, including investment executives and corporate leaders. He named, among others, David ("Goldman Sachs"), Jeffrey Sprecher of the Intercontinental Exchange, and attendees he said represented firms such as Blackstone, BlackRock, Robinhood, Visa, Mastercard, Intel and IBM. He also said that Micron committed a $250 million investment and that Michael and Susan Dell had made a $6.25 billion investment "to the accounts," as he put it.
Trump directed attendees and parents to a program website, trumpaccounts.gov, and urged officials to expedite the rollout so parents could "finalize their accounts." He described tax benefits for contributors and said the accounts accept contributions from parents, employers, churches and private donors.
The claims about sign-ups, seed contributions and corporate commitments were presented by Trump as statements of fact during his remarks. The president did not provide documentary materials or onstage contracts during the event, and the administration did not provide an independent verification of the numbers during the speech.
Next steps, as described by Trump, include completing technical rollout of the website and continuing private-sector fundraising and employer enrollment. Trump said program rollout work was underway and that staff would finalize details for account access.
The event closed with the president thanking participants and inviting attendees to lunch.
The president described the effort as part of America's 250th-year initiatives and said it was made possible by "the great, big, beautiful bill" recently passed by Congress. "Already more than 6 million Americans have signed up for Trump accounts," he said, and "many are receiving a one-time seed contribution of $1,000." He credited private donors and corporate partners for funding and promoting the accounts.
Trump framed the accounts as a way to give children a financial head start by investing in the stock market. "Every newborn child will be invested in the stock market," he said, adding that accounts could grow to "hundreds of thousands of dollars" by the time children reach adulthood if markets perform well.
The president recognized several attendees he said helped launch the program, including investment executives and corporate leaders. He named, among others, David ("Goldman Sachs"), Jeffrey Sprecher of the Intercontinental Exchange, and attendees he said represented firms such as Blackstone, BlackRock, Robinhood, Visa, Mastercard, Intel and IBM. He also said that Micron committed a $250 million investment and that Michael and Susan Dell had made a $6.25 billion investment "to the accounts," as he put it.
Trump directed attendees and parents to a program website, trumpaccounts.gov, and urged officials to expedite the rollout so parents could "finalize their accounts." He described tax benefits for contributors and said the accounts accept contributions from parents, employers, churches and private donors.
The claims about sign-ups, seed contributions and corporate commitments were presented by Trump as statements of fact during his remarks. The president did not provide documentary materials or onstage contracts during the event, and the administration did not provide an independent verification of the numbers during the speech.
Next steps, as described by Trump, include completing technical rollout of the website and continuing private-sector fundraising and employer enrollment. Trump said program rollout work was underway and that staff would finalize details for account access.
The event closed with the president thanking participants and inviting attendees to lunch.
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