Trump officially launches newborn investment plan, with several major companies pledging to invest billions of dollars in support.

Trump officially announced the “Trump Savings Account” at a roundtable meeting with CEOs such as Dell, Goldman Sachs and Uber on Monday local time, and called it one of the “most important” components of his second term, according to Golden Finance. The “Trump Savings Account” is part of the “Big Beautiful Act” that Trump passed in the House of Representatives last month. The proposal would require the Treasury Department to provide $1,000 in investment accounts for children born in the United States between January 1, 2025, and January 1, 2029. Newborns will be automatically enrolled in the program. Parents or other account custodians can deposit up to $5,000 per year in after-tax funds into these accounts, which will be invested in index funds that track the U.S. stock market. Funds can be distributed as soon as the beneficiary reaches the age of 18. The CEOs of a group of major companies are expected to announce on Monday that they will jointly invest billions of dollars to set up “Trump savings accounts” for the children of their employees, a White House official confirmed.