🕷️ Crawler Inspector

URL Lookup

Direct Parameter Lookup

Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 135 (from laksa062)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa135.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical, ml_categories_json AS ml_categories_json, ml_types_json AS ml_types_json, ml_intent_types_json AS ml_intent_types_json, meta_language AS meta_language, attrs_author AS attrs_author, ifNull(toUnixTimestamp(attrs_publish_time), 0) AS attrs_publish_time, ifNull(toUnixTimestamp(attrs_original_publish_time), 0) AS attrs_original_publish_time, ifNull(attrs_is_republished, 0) AS attrs_is_republished, ifNull(attrs_nr_words, 0) AS attrs_nr_words, ifNull(attrs_boilerpipe_nr_words, 0) AS attrs_boilerpipe_nr_words, ifNull(body_ext_links_number, 0) AS body_ext_links_number, ifNull(body_int_links_number, 0) AS body_int_links_number, ifNull(meta_nofollow, 0) AS meta_nofollow, ifNull(meta_noarchive, 0) AS meta_noarchive, ifNull(props_was_rendered, 0) AS props_was_rendered, ifNull(src_redirect, \'\') AS src_redirect, ifNull(download_time_msec, 0) AS download_time_msec, ifNull(download_ttfb_msec, 0) AS download_ttfb_msec, ifNull(download_size, 0) AS download_size FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://home.treasury.gov/news/press-releases/sb0372\')), getAhrefsUnparsedNoserviceFromURL(\'https://home.treasury.gov/news/press-releases/sb0372\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/home.treasury.gov\/news\/press-releases\/sb0372","crawl_time":1777342645,"first_indexed_time":1769628173,"http_code":200,"src_unparsed":"gov,treasury!home,\/news\/press-releases\/sb0372 s443","src_root_hash":"1993188324190368135","history_drop_reason":null,"meta_title":"Trump Accounts: The Defining Policy of America’s 250th Anniversary | U.S. Department of the Treasury","meta_descriptions":[],"attrs_boilerpipe_text":"Trump Accounts: The Defining Policy of America’s 250th Anniversary\nSecretary Scott Bessent\nJanuary 28, 2026\nIntroduction\nThank you, Speaker Johnson, for that kind introduction. It’s an honor to be here with all of you.  \nPresident Donald Trump will be remembered for many things:\nThe President who enacted the largest tax cut in history for American citizens. \nThe President who rebalanced global trade to the benefit of working families.   \nThe President who, through simple common sense, saved our country by securing the border. \nIn short, the President who Made America Great Again. \nBut arguably his most enduring legacy—the program that will not only transform lives now but ripple across generations—is why we are here today. \nHistory will remember President Trump as the leader who brought financial market opportunity to all American families. It will remember him as the President who oversaw the largest merger in history between Main Street and Wall Street. And it will remember him for redefining the social contract through the creation of a shareholder society. \nAnd how did he achieve all this? Through Trump Accounts. \nTrump Accounts are among the most significant policy innovations of modern times. They mark a\nsingular moment\nin economic history by expanding the benefits of private ownership and compound growth to all Americans. Today, I will explain where Trump Accounts came from, how they work, and why they will render socialist notions moot by making every citizen a shareholder.  \nThe Origin of Trump Accounts\nFirst, the origin story. \nThe idea of opening investment accounts for young Americans first arose in the form of “Baby Bonds” decades ago. But the idea was flawed because the accounts could be invested only in US government bonds. \nPresident Trump recognized the shortcomings of this idea while also grasping its promise. So he set out to perfect it. \nWorking with some of the most talented businessmen in the country, including Brad Gerstner and Michael Dell, he pioneered Trump Accounts—investment accounts that newborn Americans can receive on Day 1. Trump Accounts allow for private ownership, multiple funding pathways, and direct investment across a broad swath of the American economy.  \nWhere President Trump’s predecessors created debt and dependency, President Trump creates assets and expands ownership. This is a signature characteristic of his presidency. \nHow Trump Accounts Work\nWith Trump Accounts,\nevery\nAmerican child born between January 1, 2025, and December 31, 2028, is eligible to receive a $1,000 contribution from the Treasury Department that will be immediately invested in an index fund. To claim this investment, most families need merely check a box on Form 4547, the most aptly named tax document of all time. We are just three days into the 2026 tax filing season—and already, approximately 500,000 Americans have elected to open a Trump Account for their children. \nThe compound growth from Treasury’s initial seed funding alone stands to make young Americans wealthy. Assuming historical growth rates continue, a single $1,000 deposit into a Trump Account at birth should grow to an\nestimated\namount of at least half a million dollars by the age of retirement.\nThe $1,000 seed from Treasury is exclusive to newborns. But keep in mind that\nany\nAmerican below the age of 18 is also eligible to receive a tax-advantaged Trump Account to begin saving for the future. Philanthropists, family, friends, employers, and states can backfill Trump Accounts for these children to help them build a strong financial foundation before graduating high school. Our objective is to provide every American child with a Trump account. And the men and women in this audience will help make that possible.   \nIn addition to the $1,000 seed from Treasury, there are three other channels for funding Trump Accounts: first, through the donations of parents, friends, and employers; second, through the generous donations of wealthy Americans and philanthropic organizations; and third, through donations from state governments. \nFunding through Family, Friends, and Employers\nPresident Trump wanted to make it especially easy for family, friends, and employers to give to Trump Accounts. And he has succeeded in that goal. Donations to a Trump Account will soon be the best gift a child could ever receive.\nStarting July 4—our nation’s 250th anniversary—family, friends, and employers will be able to contribute up to $5,000 to each Trump Account each year. By contributing the maximum amount annually, the Council of Economic Advisers estimates that a child’s Trump Account could be worth more than $1 million at age 28 and tens of millions by the age of retirement. \nDonations from employers are essential to bringing the President’s vision to life.  Already, we have seen a large number of US businesses across a wide range of industries step up to support Trump Accounts.\nCompanies like Charles Schwab, Uber, Charter Communications, Bank of New York Mellon, State Street, Mastercard, Visa, Block, Robinhood, SoFi, Chime, Russel Investments, and Dell Technologies have all announced that they will match employee contributions to Trump Accounts in a variety of forms that work best for their employees. And today, Steak ‘n Shake, Broadcom, Intel, IBM, JP Morgan, Chipotle, Coinbase, and Comcast all announced that they will offer matching contributions as well. The President foresees a day where matching contributions to Trump Accounts will be as integral to an employee benefits package as a matching 401(k). \nThrough Trump Accounts, our President is putting the American Dream within reach of every citizen, no matter the circumstances of birth. When young Americans turn 18, they can use their Trump Accounts to keep saving for their retirement. Or they can use them to help purchase a new home or further their education—two hallmarks of the American Dream.\nFunding through Philanthropists and Charitable Organizations\nThe next means of funding is through generous donations from wealthy Americans and charitable organizations. Consider how Trump Accounts are revolutionizing not only investing but philanthropy as well. \nThe United States is the most generous country in the history of the world. In 2024 alone, our citizens gave over half a trillion dollars to charity. That’s more than the GDP of advanced countries like Singapore, Austria, and the UAE. \nMany Americans want to give back to their fellow citizens through charitable donations. But our country has long lacked a platform of private ownership from birth that facilitated philanthropy at-scale direct to American children.\nNot anymore.\nTrump Accounts are the most capital-efficient form of philanthropy ever devised. \nTypically, middlemen, overhead costs, and administrative expenses dilute the money Americans donate to charity. But Trump Accounts remove those obstacles entirely to put money directly in the hands of American children. \nThat’s why America’s savviest capital allocators have devoted enormous sums of wealth to seeding Trump Accounts. \nMichael and Susan Dell led the way by pledging to donate $6.25 billion of their own money to help fund Trump Accounts for 25 million children under the age of 10. Ray and Barbara Dalio then followed suit by pledging $75 million to help fund Trump Accounts for more than 300,000 children in Connecticut. \nThe Dalios were among the first to join “The 50 State Challenge”—a special initiative Treasury has launched to rally the nation’s philanthropists around a common cause. As the President said in his remarks earlier today, the 50 State Challenge is a crucial element of this revolutionary program. Expect to see more philanthropists adopting states in the months to come as the Administration prepares to launch Trump Accounts on the Fourth of July. \nFunding through States\nThe final way of funding Trump Accounts is through state governments. \nThe administration has been working closely with a number of governors to determine the best way states can work with the federal government to expand access to Trump Accounts to as many children as possible. States are the laboratories of our democracy, and their experiments with Trump Accounts will surface the best methods for funding over time. \nWhy Trump Accounts Mark A Singular Moment in Economic History\nAt their core, Trump Accounts represent the triumph of capitalism over socialism. \nSocialism left in its wake a trail of economic ruin, all in pursuit of the belief that abolishing private ownership would lead to greater equality and human flourishing. In fact, the opposite was true.  \nThe last century of economic history showed us that the answer was never to abolish private ownership; it was to\ndemocratize\nit. To protect, strengthen, and\nexpand\nit to as many people as possible so that everyone can benefit from the prosperity only capitalism can provide.\nTrump Accounts do exactly that. They collapse the distinction between earners and owners by making everyone an owner—all while keeping ownership private. In the decades-long contest between capitalism and socialism, this is the Trump card. \nRedefining the Social Contract\nThrough Trump Accounts, our President is creating an ownership economy where all citizens become shareholders in America’s wealth. Today, 38% of American adults do not own stocks. But with Trump accounts, over time, we can get that number down to zero. \nI have talked in the past about the importance of promoting Parallel Prosperity—an era of economic expansion where Wall Street and Main Street grow together. But the beauty of Trump Accounts is that prosperity no longer runs parallel; it fuses together. Under Trump Accounts, Wall Street’s success becomes Main Street’s success and vice versa. This is the greatest merger in world history, the merger of Wall Street and Main Street. And it will forever change the relationship Americans have with their own economy. \nTrump Accounts represent a fundamental redefinition of the social contract. They offer a radically new platform that returns us to a social contract anchored in individual ownership where everyone starts life on an investing journey. \nCreating Laboratories of Financial Literacy\nTrump Accounts also create a real-time laboratory of financial literacy for all Americans. \nConsider an alarming statistic: Approximately two-thirds of Generation Z Americans fail to answer more than half of the basic financial literacy questions on the Nation’s Personal Finance Index. We need to better educate the generation of Americans being born now. Trump Accounts will give us an opportunity to correct course by instilling financial literacy in America’s youth in a way no book, test, or school curriculum could. \nTrump Accounts will achieve this goal by providing students with a hands-on education in the power of compound growth. Students with Trump Accounts will be able to watch their investment accounts compound in real time—from a value of a couple thousand dollars in kindergarten to potentially hundreds of thousands of dollars.\nImportantly, students will not be able to access their accounts during this time. Keeping accounts locked until age 18 will require Americans to learn the art of long-term savings and compound growth. States, philanthropists, and charitable organizations can also tie funding of individual Trump Accounts to students passing financial literacy courses. This flexibility creates space for states, philanthropies, and educators to innovate and identify what works best in building financial skills.\nConclusion\nThree pillars of America’s social contract are embedded in the Declaration of Independence: “Life, liberty, and the pursuit of happiness.” Few know that Jefferson borrowed this phrase from John Locke, who famously underscored the centrality of “life, liberty, and\nproperty\n.” \nProperty and the pursuit of happiness, in other words, are deeply intertwined—and for our Founding Fathers, they were one and the same. Property, or put another way,\nownership\nis essential to dignity and human flourishing. This was the ideal our nation was founded on in 1776. And it is the ideal our nation is being re-founded on in 2026. \nIn that sense, Trump Accounts are\nthe\ndefining policy of America’s 250\nth\nanniversary. By expanding equity ownership to all citizens, President Trump is restoring the promise of our Founding, revitalizing the social contract, and helping secure American prosperity for the next 250 years. All families can participate and own part of the American Dream. \nAnd with your help, we will succeed.\nWhether you are a philanthropist, a family member, or an employer, all of you here will play a critical role in this effort. So join us in growing economic opportunity, future-proofing capitalism, and carrying the promise of the Founding forward for the next century. Join us by investing in Trump Accounts. \nThank you. \n###\n ","attrs_markdown":"[Skip to main content](https:\/\/home.treasury.gov\/news\/press-releases\/sb0372#main-content)\n\n![U.S. flag](https:\/\/home.treasury.gov\/libraries\/uswds\/src\/img\/us_flag_small.png)\n\nAn official website of the United States government\n\nHere’s how you know\n\nHere’s how you know\n\n![Dot gov](https:\/\/home.treasury.gov\/libraries\/uswds\/src\/img\/icon-dot-gov.svg)\n\n**Official websites use .gov**    \n A **.gov** website belongs to an official government organization in the United States.\n\n![Https](https:\/\/home.treasury.gov\/libraries\/uswds\/src\/img\/icon-https.svg)\n\n**Secure .gov websites use HTTPS**    \n A **lock** (A locked padlock) or **https:\/\/** means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.\n\n![Freedom 250 logo](https:\/\/home.treasury.gov\/themes\/custom\/hamilton\/images\/freedom-250-logo-color.png)   FREEDOM250 Countdown to America's 250th Anniversary July 4, 2026\n\n[Learn More](https:\/\/freedom250.org\/)\n\nApril is Financial Literacy Month - Financial Literacy Fuels the American Dream - Learn More at [MyMoney.gov](https:\/\/www.mymoney.gov\/)\n\nMENU MENU\n\n# [![Seal of the U.S. Department of the Treasury, 1789](https:\/\/home.treasury.gov\/themes\/custom\/hamilton\/logo.svg)U.S. Department of the Treasury](https:\/\/home.treasury.gov\/ \"Home\")\n\n[![Seal of the U.S. Department of the Treasury, 1789](https:\/\/home.treasury.gov\/themes\/custom\/hamilton\/logo.svg)](https:\/\/home.treasury.gov\/ \"Home\")\n\n- [About Treasury](https:\/\/home.treasury.gov\/about-treasury)\n  About Treasury\n  \n  ## [General Information](https:\/\/home.treasury.gov\/about\/general-information)\n  [Role of the Treasury](https:\/\/home.treasury.gov\/about\/general-information\/role-of-the-treasury)\n  \n  [Officials](https:\/\/home.treasury.gov\/about\/general-information\/officials)\n  \n  [Organizational Chart](https:\/\/home.treasury.gov\/about\/general-information\/organizational-chart)\n  \n  [Orders and Directives](https:\/\/home.treasury.gov\/about\/general-information\/orders-and-directives)\n  \n  ## [Offices](https:\/\/home.treasury.gov\/about\/offices)\n  [Domestic Finance](https:\/\/home.treasury.gov\/about\/offices\/domestic-finance)\n  \n  [Economic Policy](https:\/\/home.treasury.gov\/about\/offices\/economic-policy)\n  \n  [General Counsel](https:\/\/home.treasury.gov\/about\/offices\/general-counsel)\n  \n  [International Affairs](https:\/\/home.treasury.gov\/about\/offices\/international-affairs)\n  \n  [Management](https:\/\/home.treasury.gov\/about\/offices\/management)\n  \n  [Public Affairs](https:\/\/home.treasury.gov\/about\/offices\/public-affairs)\n  \n  [Tax Policy](https:\/\/home.treasury.gov\/about\/offices\/tax-policy)\n  \n  [Terrorism and Financial Intelligence](https:\/\/home.treasury.gov\/about\/offices\/terrorism-and-financial-intelligence)\n  \n  [Tribal and Native Affairs](https:\/\/home.treasury.gov\/policy-issues\/tribal-affairs)\n  \n  [Inspectors General](https:\/\/home.treasury.gov\/services\/report-fraud-waste-and-abuse\/inspectors-general)\n  \n  ## [Bureaus](https:\/\/home.treasury.gov\/about\/bureaus)\n  [Alcohol and Tobacco Tax and Trade Bureau (TTB)](https:\/\/www.ttb.gov\/)\n  \n  [Bureau of Engraving & Printing (BEP)](https:\/\/www.bep.gov\/)\n  \n  [Financial Crimes Enforcement Network (FinCEN)](https:\/\/www.fincen.gov\/)\n  \n  [Bureau of the Fiscal Service (BFS)](https:\/\/www.fiscal.treasury.gov\/)\n  \n  [Internal Revenue Service (IRS)](https:\/\/www.irs.gov\/)\n  \n  [Office of the Comptroller of the Currency (OCC)](https:\/\/www.occ.treas.gov\/)\n  \n  [U.S. Mint](https:\/\/www.usmint.gov\/)\n  \n  [Office of Inspector General (OIG)](https:\/\/oig.treasury.gov\/)\n  \n  [Treasury Inspector General for Tax Administration (TIGTA)](https:\/\/www.tigta.gov\/)\n  \n  [Special Inspector General for Pandemic Recovery (SIGPR)](https:\/\/www.sigpr.gov\/)\n  \n  ## [Budget, Financial Reporting, Planning and Performance](https:\/\/home.treasury.gov\/about\/budget-financial-reporting-planning-and-performance)\n  [Strategic Plan](https:\/\/home.treasury.gov\/about\/budget-financial-reporting-planning-and-performance\/strategic-plan)\n  \n  [Budget Request\/Annual Performance Plan and Reports](https:\/\/home.treasury.gov\/about\/budget-financial-reporting-planning-and-performance\/budget-requestannual-performance-plan-and)\n  \n  [Agency Financial Report](https:\/\/home.treasury.gov\/about\/budget-financial-reporting-planning-and-performance\/agency-financial-report)\n  \n  [Inspector General Audits and Investigative Reports](https:\/\/home.treasury.gov\/about\/budget-financial-reporting-planning-and-performance\/inspector-general-audits-and-investigative-reports)\n  \n  [IRS Strategic Operating Plan](https:\/\/home.treasury.gov\/about\/budget-financial-reporting-planning-and-performance\/irs-strategic-operating-plan)\n  \n  ## 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[Economic Policy](https:\/\/home.treasury.gov\/policy-issues\/economic-policy)\n  [Treasury Coupon Issues](https:\/\/home.treasury.gov\/data\/treasury-coupon-issues-and-corporate-bond-yield-curves\/treasury-coupon-issues)\n  \n  [Corporate Bond Yield Curve](https:\/\/home.treasury.gov\/data\/treasury-coupon-issues-and-corporate-bond-yield-curve\/corporate-bond-yield-curve)\n  \n  [Economic Policy Reports](https:\/\/home.treasury.gov\/policy-issues\/economic-policy\/economic-policy-reports)\n  \n  [Social Security and Medicare](https:\/\/home.treasury.gov\/policy-issues\/economic-policy\/social-security-and-medicare-trustees-reports)\n  \n  [Total Taxable Resources](https:\/\/home.treasury.gov\/policy-issues\/economic-policy\/total-taxable-resources)\n  \n  ## [Terrorism and Illicit Finance](https:\/\/home.treasury.gov\/policy-issues\/terrorism-and-illicit-finance)\n  [Sanctions](https:\/\/ofac.treasury.gov\/)\n  \n  [Asset Forfeiture](https:\/\/home.treasury.gov\/policy-issues\/terrorism-and-illicit-finance\/treasury-executive-office-for-asset-forfeiture-teoaf)\n  \n  [311 Actions](https:\/\/home.treasury.gov\/policy-issues\/terrorism-and-illicit-finance\/311-actions)\n  \n  [Terrorist Finance Tracking Program](https:\/\/home.treasury.gov\/policy-issues\/terrorism-and-illicit-finance\/terrorist-finance-tracking-program-tftp)\n  \n  [Money Laundering](https:\/\/home.treasury.gov\/policy-issues\/terrorism-and-illicit-finance\/money-laundering)\n  \n  [Financial Action Task Force](https:\/\/home.treasury.gov\/policy-issues\/terrorism-and-illicit-finance\/financial-action-task-force)\n  \n  [Protecting Charitable Organizations](https:\/\/home.treasury.gov\/policy-issues\/terrorism-and-illicit-finance\/protecting-charitable-organizations)\n  \n  ## [Financing the Government](https:\/\/home.treasury.gov\/policy-issues\/financing-the-government)\n  [Treasury Quarterly Refunding](https:\/\/home.treasury.gov\/policy-issues\/financing-the-government\/quarterly-refunding)\n  \n  [Interest Rate Statistics](https:\/\/home.treasury.gov\/policy-issues\/financing-the-government\/interest-rate-statistics)\n  \n  [Treasury Securities](https:\/\/home.treasury.gov\/policy-issues\/financing-the-government\/treasury-marketable-and-non-marketable-securities)\n  \n  [Treasury Investor Data](https:\/\/home.treasury.gov\/policy-issues\/financing-the-government\/treasury-investor-data)\n  \n  [Debt Management Research](https:\/\/home.treasury.gov\/policy-issues\/financing-the-government\/debt-management-research)\n  \n  ## [Financial Markets, Financial Institutions, and Fiscal Service](https:\/\/home.treasury.gov\/policy-issues\/financial-markets-financial-institutions-and-fiscal-service)\n  [Cash and Debt Forecasting](https:\/\/home.treasury.gov\/policy-issues\/financial-markets-financial-institutions-and-fiscal-service\/cash-and-debt-forecasting)\n  \n  [Debt Limit](https:\/\/home.treasury.gov\/policy-issues\/financial-markets-financial-institutions-and-fiscal-service\/debt-limit)\n  \n  [Financial Stability Oversight Council](https:\/\/home.treasury.gov\/policy-issues\/financial-markets-financial-institutions-and-fiscal-service\/fsoc)\n  \n  [Federal Insurance Office](https:\/\/home.treasury.gov\/policy-issues\/financial-markets-financial-institutions-and-fiscal-service\/federal-insurance-office)\n  \n  [RESTORE Act](https:\/\/home.treasury.gov\/policy-issues\/financial-markets-financial-institutions-and-fiscal-service\/restore-act)\n  \n  [1603 Program](https:\/\/home.treasury.gov\/policy-issues\/financial-markets-financial-institutions-and-fiscal-service\/1603-program-payments-for-specified-energy-property-in-lieu-of-tax-credits)\n  \n  [The Community Development Financial Institution (CDFI) Fund](https:\/\/www.cdfifund.gov\/)\n  \n  [Making Home Affordable](https:\/\/home.treasury.gov\/data\/troubled-assets-relief-program\/housing)\n  \n  ## [Financial Sanctions](https:\/\/ofac.treasury.gov\/)\n  [Specially Designated Nationals List (SDN List)](https:\/\/ofac.treasury.gov\/specially-designated-nationals-and-blocked-persons-list-sdn-human-readable-lists)\n  \n  [Consolidated Sanctions List](https:\/\/ofac.treasury.gov\/consolidated-sanctions-list-non-sdn-lists)\n  \n  [Search OFAC's Sanctions Lists](https:\/\/ofac.treasury.gov\/sanctions-list-search-tool)\n  \n  [Additional Sanctions Lists](https:\/\/ofac.treasury.gov\/other-ofac-sanctions-lists)\n  \n  [OFAC Recent Actions](https:\/\/ofac.treasury.gov\/recent-actions)\n  \n  [Sanctions Programs and Country Information](https:\/\/ofac.treasury.gov\/sanctions-programs-and-country-information)\n  \n  [Frequently Asked Questions](https:\/\/ofac.treasury.gov\/faqs)\n  \n  [OFAC Civil Penalties and Enforcement](https:\/\/ofac.treasury.gov\/civil-penalties-and-enforcement-information)\n  \n  [Contact OFAC](https:\/\/ofac.treasury.gov\/contact-ofac)\n  \n  ## [Consumer Policy](https:\/\/home.treasury.gov\/policy-issues\/consumer-policy)\n  [Financial Literacy and Education Commission](https:\/\/home.treasury.gov\/policy-issues\/consumer-policy\/financial-literacy-and-education-commission)\n  \n  [Mymoney.gov](https:\/\/www.mymoney.gov\/)\n  \n  [Innovations in Financial Services](https:\/\/home.treasury.gov\/policy-issues\/consumer-policy\/innovations-in-financial-services)\n  \n  [Featured Research](https:\/\/home.treasury.gov\/policy-issues\/consumer-policy\/featured-research)\n  \n  [Student Loans](https:\/\/home.treasury.gov\/system\/files\/136\/Fact-Sheet-Department-of-Education-and-Department-of-the-Treasury.pdf)\n  \n  ## [International](https:\/\/home.treasury.gov\/policy-issues\/international)\n  [The Committee on Foreign Investment in the United States (CFIUS)](https:\/\/home.treasury.gov\/policy-issues\/international\/the-committee-on-foreign-investment-in-the-united-states-cfius)\n  \n  [Outbound Investment Security Program](https:\/\/home.treasury.gov\/news\/press-releases\/%20\/policy-issues\/international\/outbound-investment-program)\n  \n  [Exchange Stabilization Fund](https:\/\/home.treasury.gov\/policy-issues\/international\/exchange-stabilization-fund)\n  \n  [G-7 and G-20](https:\/\/home.treasury.gov\/policy-issues\/international\/g-7-and-g-20)\n  \n  [International Monetary Fund](https:\/\/home.treasury.gov\/policy-issues\/international\/international-monetary-fund)\n  \n  [Multilateral Development Banks](https:\/\/home.treasury.gov\/policy-issues\/international\/multilateral-development-banks)\n  \n  [Macroeconomic and Foreign Exchange Policies of Major Trading Partners](https:\/\/home.treasury.gov\/policy-issues\/international\/macroeconomic-and-foreign-exchange-policies-of-major-trading-partners)\n  \n  [Exchange Rate Analysis](https:\/\/home.treasury.gov\/policy-issues\/international\/exchange-rate-analysis)\n  \n  [U.S.-China Comprehensive Strategic Economic Dialogue (CED)](https:\/\/home.treasury.gov\/policy-issues\/international\/us-china-comprehensive-economic-dialogue)\n  \n  ## [Small Business Programs](https:\/\/home.treasury.gov\/policy-issues\/small-business-programs)\n  [Small and Disadvantaged Business Utilization](https:\/\/home.treasury.gov\/policy-issues\/small-business-programs\/small-and-disadvantaged-business-utilization-0)\n  \n  [Small Business Lending Fund](https:\/\/home.treasury.gov\/policy-issues\/small-business-programs\/small-business-lending-fund)\n  \n  [State Small Business Credit Initiative](https:\/\/home.treasury.gov\/policy-issues\/small-business-programs\/state-small-business-credit-initiative-ssbci)\n  ## [Tribal Affairs](https:\/\/home.treasury.gov\/policy-issues\/tribal-affairs)\n- [Data](https:\/\/home.treasury.gov\/data)\n  Data\n  \n  ## [Interest Rates](https:\/\/home.treasury.gov\/policy-issues\/financing-the-government\/interest-rate-statistics)\n  [Daily Treasury Par Yield Curve Rates](https:\/\/home.treasury.gov\/resource-center\/data-chart-center\/interest-rates\/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2026)\n  \n  [Daily Treasury Par Real Yield Curve Rates](https:\/\/home.treasury.gov\/resource-center\/data-chart-center\/interest-rates\/TextView?type=daily_treasury_real_yield_curve&field_tdr_date_value=2026)\n  \n  [Daily Treasury Bill Rates](https:\/\/home.treasury.gov\/resource-center\/data-chart-center\/interest-rates\/TextView?type=daily_treasury_bill_rates&field_tdr_date_value=2026)\n  \n  [Daily Treasury Long-Term Rates](https:\/\/home.treasury.gov\/resource-center\/data-chart-center\/interest-rates\/TextView?type=daily_treasury_long_term_rate&field_tdr_date_value=2026)\n  \n  [Daily Treasury Real Long-Term Rates](https:\/\/home.treasury.gov\/resource-center\/data-chart-center\/interest-rates\/TextView?type=daily_treasury_real_long_term&field_tdr_date_value=2026)\n  \n  ## [Treasury Coupon-Issue and Corporate Bond Yield Curve](https:\/\/home.treasury.gov\/data\/treasury-coupon-issues-and-corporate-bond-yield-curves)\n  [Treasury Coupon Issues](https:\/\/home.treasury.gov\/data\/treasury-coupon-issues-and-corporate-bond-yield-curves\/treasury-coupon-issues)\n  \n  [Corporate Bond Yield Curve](https:\/\/home.treasury.gov\/data\/treasury-coupon-issues-and-corporate-bond-yield-curve\/corporate-bond-yield-curve)\n  \n  ## Federal Financial Data\n  [Your Guide to America’s Finances](https:\/\/fiscaldata.treasury.gov\/americas-finance-guide\/%20)\n  \n  [Monthly Treasury Statement](https:\/\/fiscaldata.treasury.gov\/datasets\/monthly-treasury-statement\/summary-of-receipts-outlays-and-the-deficit-surplus-of-the-u-s-government)\n  \n  [Daily Treasury Statement](https:\/\/fiscaldata.treasury.gov\/datasets\/daily-treasury-statement\/operating-cash-balance)\n  \n  ## [How Your Money Is Spent](https:\/\/www.usaspending.gov\/)\n  [USAspending.gov](https:\/\/www.usaspending.gov\/)\n  \n  ## [National Debt](https:\/\/www.treasurydirect.gov\/govt\/reports\/pd\/pd_debttothepenny.htm)\n  [National Debt to the Penny](https:\/\/www.treasurydirect.gov\/govt\/reports\/pd\/pd_debttothepenny.htm)\n  \n  [Historical Debt Outstanding](https:\/\/fiscaldata.treasury.gov\/datasets\/historical-debt-outstanding\/historical-debt-outstanding)\n  \n  [Monthly Statement of the Public Debt](https:\/\/fiscaldata.treasury.gov\/datasets\/monthly-statement-public-debt\/summary-of-treasury-securities-outstanding)\n  \n  ## [Quarterly Refunding](https:\/\/home.treasury.gov\/policy-issues\/financing-the-government\/quarterly-refunding)\n  [Debt Management Overview and Quarterly Refunding Process](https:\/\/home.treasury.gov\/policy-issues\/financing-the-government\/quarterly-refunding\/treasury-quarterly-refunding-process)\n  \n  [Most Recent Documents](https:\/\/home.treasury.gov\/policy-issues\/financing-the-government\/quarterly-refunding\/most-recent-quarterly-refunding-documents)\n  \n  [Archives](https:\/\/home.treasury.gov\/policy-issues\/financing-the-government\/quarterly-refunding\/quarterly-refunding-archives)\n  \n  [Webcasts](https:\/\/home.treasury.gov\/policy-issues\/financing-the-government\/quarterly-refunding\/treasury-quarterly-refunding-webcasts)\n  \n  ## [Investor Class Auction Allotments](https:\/\/home.treasury.gov\/data\/investor-class-auction-allotments)\n  ## [Other Programs](https:\/\/home.treasury.gov\/data\/other-programs)\n  \n  ## [Treasury International Capital (TIC) System](https:\/\/home.treasury.gov\/data\/treasury-international-capital-tic-system)\n  [U.S International Portfolio Investment Statistics](https:\/\/home.treasury.gov\/data\/treasury-international-capital-tic-system)\n  \n  [Release Dates](https:\/\/home.treasury.gov\/data\/treasury-international-capital-tic-system-home-page\/release-dates-of-tic-data-0)\n  \n  [Forms and Instructions](https:\/\/home.treasury.gov\/data\/treasury-international-capital-tic-system-home-page\/tic-forms-instructions)\n  \n  [TIC Press Releases](https:\/\/home.treasury.gov\/data\/tic-press-releases-by-topic)\n  ## [U.S. International Reserve Position](https:\/\/home.treasury.gov\/data\/us-international-reserve-position)\n  \n  ## [Troubled Assets Relief Program](https:\/\/home.treasury.gov\/data\/troubled-asset-relief-program)\n  [Reports](https:\/\/home.treasury.gov\/data\/troubled-assets-relief-program\/reports)\n  \n  ## [Office of the Chief Data Officer](https:\/\/home.treasury.gov\/about\/offices\/management\/office-of-the-chief-data-officer)\n  [Federal CDO Council](https:\/\/www.cdo.gov\/)\n  \n  [Data.gov](https:\/\/www.data.gov\/)\n  \n  [Treasury Open Data](https:\/\/home.treasury.gov\/data\/treasury-open-data)\n  \n  [Evidence Act H.R.4174](https:\/\/www.congress.gov\/bill\/115th-congress\/house-bill\/4174)\n  \n  [Datafoundation.org](https:\/\/datafoundation.org\/)\n- [Services](https:\/\/home.treasury.gov\/services)\n  Services\n  \n  ## [Report Fraud, Waste & Abuse](https:\/\/home.treasury.gov\/services\/report-fraud-waste-and-abuse)\n  [Report COVID-19 Scam Attempts](https:\/\/home.treasury.gov\/services\/report-fraud-waste-and-abuse\/covid-19-scams)\n  \n  [Report Scam Attempts](https:\/\/home.treasury.gov\/services\/report-fraud-waste-and-abuse\/report-scam-attempts)\n  \n  [Report Fraud Related to Government Contracts](https:\/\/home.treasury.gov\/services\/report-fraud-waste-and-abuse\/report-fraud-or-misconduct-related-to-government-contracts-or-grants)\n  \n  [Inspectors General](https:\/\/home.treasury.gov\/services\/report-fraud-waste-and-abuse\/inspectors-general)\n  \n  ## [Bonds and Securities](https:\/\/home.treasury.gov\/services\/bonds-and-securities)\n  [Buy, Manage, and Redeem](https:\/\/www.treasurydirect.gov\/)\n  \n  [Treasury Hunt - Search for Matured Bonds](https:\/\/www.treasurydirect.gov\/savings-bonds\/treasury-hunt\/?utm_source=newsletter&utm_medium=allmail&utm_campaign=MUD_spring&utm_id=MUD7)\n  \n  [Cashing Savings Bonds in Disaster-Declared Areas](https:\/\/www.treasurydirect.gov\/savings-bonds\/cashing-a-bond\/affected-by-a-disaster\/)\n  \n  [Frequently Asked Questions](https:\/\/www.treasurydirect.gov\/help-center\/)\n  \n  ## [Grant Programs](https:\/\/home.treasury.gov\/services\/treasury-financial-assistance)\n  [Pay for Results (SIPPRA)](https:\/\/home.treasury.gov\/services\/social-impact-partnerships\/sippra-pay-for-results)\n  \n  [RESTORE Act](https:\/\/home.treasury.gov\/policy-issues\/financial-markets-financial-institutions-and-fiscal-service\/restore-act)\n  \n  [Community Development Financial Institution (CDFI) Fund](https:\/\/www.cdfifund.gov\/)\n  \n  ## [Treasury Payments](https:\/\/home.treasury.gov\/services\/treasury-payments)\n  [Where is my Refund?](https:\/\/www.irs.gov\/refunds)\n  \n  [Lost or Expired Check](https:\/\/fiscal.treasury.gov\/pirs\/i-want-to.html)\n  \n  [Direct Express Card](https:\/\/www.fiscal.treasury.gov\/directexpress\/)\n  \n  [Non-Benefit Federal Payments](https:\/\/www.fiscal.treasury.gov\/eft\/)\n  \n  [Electronic Federal Benefit Payments - GoDirect](https:\/\/godirect.gov\/gpw\/)\n  \n  ## [Currency and Coins](https:\/\/home.treasury.gov\/services\/currency-and-coins)\n  [Shop for Coin Products](https:\/\/www.usmint.gov\/)\n  \n  [Shop for Currency Products](https:\/\/www.bep.gov\/services)\n  \n  [Redeem Damaged Currency](https:\/\/www.bep.gov\/services\/mutilated-currency-redemption)\n  \n  [Bureau of Engraving and Printing](https:\/\/www.bep.gov\/)\n  \n  [U.S Mint](https:\/\/www.usmint.gov\/)\n  \n  ## [Auctions](https:\/\/home.treasury.gov\/services\/treasury-auctions)\n  [IRS Auctions](https:\/\/www.irsauctions.gov\/)\n  \n  [Real Estate](https:\/\/www.treasury.gov\/auctions\/treasury\/rp\/)\n  \n  [General Property, Vehicles, Vessels & Aircraft](https:\/\/www.treasury.gov\/auctions\/treasury\/gp\/)\n  \n  ## [Kline-Miller Multiemployer Pension Reform Act of 2014](https:\/\/home.treasury.gov\/services\/the-multiemployer-pension-reform-act-of-2014)\n  [Applications](https:\/\/home.treasury.gov\/services\/the-multiemployer-pension-reform-act-of-2014\/applications-for-benefit-suspension)\n  \n  [Frequently Asked Questions](https:\/\/home.treasury.gov\/services\/the-multiemployer-pension-reform-act-of-2014\/frequently-asked-questions-about-the-kline-miller-multiemployer-pension-reform-act)\n  \n  ## [Education](https:\/\/home.treasury.gov\/services\/education)\n  ## Whistleblowing and Financial Integrity\n  [Whistleblower Resources](https:\/\/home.treasury.gov\/services\/whistleblowing-and-financial-integrity)\n  \n  ## [Taxes](https:\/\/home.treasury.gov\/services\/taxes)\n  [Internal Revenue Service (IRS)](https:\/\/www.irs.gov\/)\n  \n  [IRS Forms, Instructions & Publications](https:\/\/www.irs.gov\/forms-instructions)\n  \n  [Refund Status](https:\/\/www.irs.gov\/refunds)\n  \n  [Foreign Account Tax Compliance Act](https:\/\/www.irs.gov\/businesses\/corporations\/foreign-account-tax-compliance-act-fatca)\n  \n  ## [Forms](https:\/\/home.treasury.gov\/services\/forms)\n  [IRS Forms and Instructions](https:\/\/www.irs.gov\/forms-instructions)\n  \n  [Savings Bonds - Treasury Securities](https:\/\/treasurydirect.gov\/forms.htm)\n  \n  [Bank Secrecy Act - Fincen 114 and more](https:\/\/bsaefiling.fincen.treas.gov\/main.html)\n  \n  [OFAC License Application](https:\/\/ofac.treasury.gov\/ofac-license-application-page)\n  \n  [OFAC Reporting](https:\/\/ofac.treasury.gov\/ofac-reporting-system)\n  \n  [Treasury International Capital (TIC)](https:\/\/home.treasury.gov\/data\/treasury-international-capital-tic-system\/tic-forms-instructions)\n  \n  ## [Government Shared Services](https:\/\/home.treasury.gov\/services\/government-shared-services)\n  [Treasury Franchise Fund (TFF)](https:\/\/home.treasury.gov\/services\/government-shared-services\/treasury-franchise-fund)\n  \n  [Center for Financial Management (CFM)](https:\/\/fiscal.treasury.gov\/financial-management-solutions\/financial-management-shared-services)\n  \n  [Shared Services Program (SSP)](https:\/\/home.treasury.gov\/services\/government-shared-services\/shared-services-programs)\n  \n  [Financial Management (FM) Marketplace Catalog](https:\/\/tfx.treasury.gov\/fmqsmo\/marketplace-catalog)\n  \n  [TreasuryDirect](https:\/\/www.treasurydirect.gov\/government\/)\n  \n  [Invoice Processing Platform](https:\/\/www.ipp.gov\/)\n  \n  ## [Tours and Library](https:\/\/home.treasury.gov\/services\/tours-and-library)\n  [Historic Treasury Building](https:\/\/home.treasury.gov\/services\/tours-and-library\/tours-of-the-historic-treasury-building)\n  \n  [Library](https:\/\/home.treasury.gov\/services\/tours-and-library\/library)\n  \n  [Curator](https:\/\/home.treasury.gov\/about\/history\/curator)\n  \n  [Bureau of Engraving and Printing](https:\/\/www.bep.gov\/visitor-centers)\n  \n  [U.S. Mint](https:\/\/www.usmint.gov\/about\/tours-and-locations)\n- [News](https:\/\/home.treasury.gov\/news\/press-releases)\n  News\n  \n  ## [Featured Stories](https:\/\/home.treasury.gov\/news\/featured-stories)\n  February 13, 2026\n  \n  [Treasury Accepting Whistleblower Tips on Fraud, Money Laundering, Sanctions Violations](https:\/\/home.treasury.gov\/news\/featured-stories\/treasury-accepting-whistleblower-tips-on-fraud-money-laundering-sanctions-violations)\n  \n  December 23, 2025\n  \n  [Penny Production Cessation FAQs](https:\/\/home.treasury.gov\/news\/featured-stories\/penny-production-cessation-faqs)\n  \n  February 8, 2025\n  \n  [United States Department of the Treasury Announces New Appointments](https:\/\/home.treasury.gov\/news\/featured-stories\/united-states-department-of-the-treasury-announces-new-appointments)\n  \n  [View all Featured Stories](https:\/\/home.treasury.gov\/news\/featured-stories \"View all Featured Stories\")\n  \n  ## [Press Releases](https:\/\/home.treasury.gov\/news\/press-releases)\n  April 27, 2026\n  \n  [Treasury Moves to Prevent Abuse of Community Development Financial Institutions Fund Programs](https:\/\/home.treasury.gov\/news\/press-releases\/sb0473)\n  \n  April 24, 2026\n  \n  [Economic Fury Targets Global Network Fueling Iran’s Oil Trade and Shadow Fleet](https:\/\/home.treasury.gov\/news\/press-releases\/sb0472)\n  \n  April 23, 2026\n  \n  [Treasury, IRS Announce Process for Tax Guidance Following DOJ Final Order on Medical Marijuana Rescheduling](https:\/\/home.treasury.gov\/news\/press-releases\/sb0471)\n  \n  [View All Press Releases](https:\/\/home.treasury.gov\/news\/press-releases \"View all Press Releases\")\n  \n  ## [Remarks and Statements](https:\/\/home.treasury.gov\/news\/press-releases\/statements-remarks)\n  April 22, 2026\n  \n  [Assistant Secretary Chris Pilkerton's Remarks at ACI CFIUS Conference](https:\/\/home.treasury.gov\/news\/press-releases\/sb0467)\n  \n  April 22, 2026\n  \n  [Secretary Scott Bessent's Statement Before the Appropriations Subcommittee on Financial Services and General Government](https:\/\/home.treasury.gov\/news\/press-releases\/sb0466)\n  \n  April 15, 2026\n  \n  [Secretary Bessent IMFC-DC Statement](https:\/\/home.treasury.gov\/news\/press-releases\/sb0442)\n  \n  [View All Remarks and Statements](https:\/\/home.treasury.gov\/news\/press-releases\/statements-remarks \"View all Remarks and Statements\")\n  \n  ## [Press Information](https:\/\/home.treasury.gov\/news\/press-releases)\n  [Press Contacts](https:\/\/home.treasury.gov\/news\/contacts-for-members-of-the-media)\n  \n  [Weekly Public Schedule Archive](https:\/\/search.usa.gov\/search\/docs?utf8=%E2%9C%93&affiliate=treas&sort_by=&dc=9123&query=weekly-schedule-updates)\n  \n  [Webcasts](https:\/\/home.treasury.gov\/news\/webcasts)\n  \n  [Media Advisories Archive](https:\/\/search.usa.gov\/search\/docs?utf8=%E2%9C%93&affiliate=treas&sort_by=&dc=9121&query=media-advisories)\n  \n  [Subscribe to Press Releases](https:\/\/service.govdelivery.com\/accounts\/USTREAS\/subscriber\/new?topic_id=USTREAS_49)\n  \n  ## Stay Connected\n  [X](https:\/\/twitter.com\/USTreasury)\n  \n  [Facebook](https:\/\/www.facebook.com\/USTreasuryDept)\n  \n  [LinkedIn](https:\/\/www.linkedin.com\/company\/us-treasury)\n- [Whistleblower Resources](https:\/\/home.treasury.gov\/services\/whistleblowing-and-financial-integrity)\n- [Working Families Tax Cuts](https:\/\/home.treasury.gov\/wftc)\n- [Search](https:\/\/home.treasury.gov\/search)\n  Search\n  \n  ## 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[Secretary Statements & Remarks](https:\/\/home.treasury.gov\/news\/press-releases\/statements-remarks\/secretary)\n\nNews\n\n- [Press Releases](https:\/\/home.treasury.gov\/news\/press-releases)\n  - [Statements & Remarks](https:\/\/home.treasury.gov\/news\/press-releases\/statements-remarks)\n  - [Readouts](https:\/\/home.treasury.gov\/news\/press-releases\/readouts)\n  - [Testimonies](https:\/\/home.treasury.gov\/news\/press-releases\/testimonies)\n- [Featured Stories](https:\/\/home.treasury.gov\/news\/featured-stories)\n- [Webcasts](https:\/\/home.treasury.gov\/news\/webcasts)\n- [Press Contacts](https:\/\/home.treasury.gov\/news\/contacts-for-members-of-the-media)\n\nSecretary Statements & Remarks\n\n## Trump Accounts: The Defining Policy of America’s 250th Anniversary\nJanuary 28, 2026\n\n**Trump Accounts: The Defining Policy of America’s 250th Anniversary**\n\n**Secretary Scott Bessent**\n\n**January 28, 2026**\n\n**Introduction**\n\nThank you, Speaker Johnson, for that kind introduction. It’s an honor to be here with all of you.\n\nPresident Donald Trump will be remembered for many things:\n\n- The President who enacted the largest tax cut in history for American citizens.\n- The President who rebalanced global trade to the benefit of working families.\n- The President who, through simple common sense, saved our country by securing the border.\n- In short, the President who Made America Great Again.\n\nBut arguably his most enduring legacy—the program that will not only transform lives now but ripple across generations—is why we are here today.\n\nHistory will remember President Trump as the leader who brought financial market opportunity to all American families. It will remember him as the President who oversaw the largest merger in history between Main Street and Wall Street. And it will remember him for redefining the social contract through the creation of a shareholder society.\n\nAnd how did he achieve all this? Through Trump Accounts.\n\nTrump Accounts are among the most significant policy innovations of modern times. They mark a **singular moment** in economic history by expanding the benefits of private ownership and compound growth to all Americans. Today, I will explain where Trump Accounts came from, how they work, and why they will render socialist notions moot by making every citizen a shareholder.\n\n**The Origin of Trump Accounts**\n\nFirst, the origin story.\n\nThe idea of opening investment accounts for young Americans first arose in the form of “Baby Bonds” decades ago. But the idea was flawed because the accounts could be invested only in US government bonds.\n\nPresident Trump recognized the shortcomings of this idea while also grasping its promise. So he set out to perfect it.\n\nWorking with some of the most talented businessmen in the country, including Brad Gerstner and Michael Dell, he pioneered Trump Accounts—investment accounts that newborn Americans can receive on Day 1. Trump Accounts allow for private ownership, multiple funding pathways, and direct investment across a broad swath of the American economy.\n\nWhere President Trump’s predecessors created debt and dependency, President Trump creates assets and expands ownership. This is a signature characteristic of his presidency.\n\n**How Trump Accounts Work**\n\nWith Trump Accounts, **every** American child born between January 1, 2025, and December 31, 2028, is eligible to receive a \\$1,000 contribution from the Treasury Department that will be immediately invested in an index fund. To claim this investment, most families need merely check a box on Form 4547, the most aptly named tax document of all time. We are just three days into the 2026 tax filing season—and already, approximately 500,000 Americans have elected to open a Trump Account for their children.\n\nThe compound growth from Treasury’s initial seed funding alone stands to make young Americans wealthy. Assuming historical growth rates continue, a single \\$1,000 deposit into a Trump Account at birth should grow to an **estimated** amount of at least half a million dollars by the age of retirement.\n\nThe \\$1,000 seed from Treasury is exclusive to newborns. But keep in mind that **any** American below the age of 18 is also eligible to receive a tax-advantaged Trump Account to begin saving for the future. Philanthropists, family, friends, employers, and states can backfill Trump Accounts for these children to help them build a strong financial foundation before graduating high school. Our objective is to provide every American child with a Trump account. And the men and women in this audience will help make that possible.\n\nIn addition to the \\$1,000 seed from Treasury, there are three other channels for funding Trump Accounts: first, through the donations of parents, friends, and employers; second, through the generous donations of wealthy Americans and philanthropic organizations; and third, through donations from state governments.\n\n***Funding through Family, Friends, and Employers***\n\nPresident Trump wanted to make it especially easy for family, friends, and employers to give to Trump Accounts. And he has succeeded in that goal. Donations to a Trump Account will soon be the best gift a child could ever receive.\n\nStarting July 4—our nation’s 250th anniversary—family, friends, and employers will be able to contribute up to \\$5,000 to each Trump Account each year. By contributing the maximum amount annually, the Council of Economic Advisers estimates that a child’s Trump Account could be worth more than \\$1 million at age 28 and tens of millions by the age of retirement.\n\nDonations from employers are essential to bringing the President’s vision to life. Already, we have seen a large number of US businesses across a wide range of industries step up to support Trump Accounts.\n\nCompanies like Charles Schwab, Uber, Charter Communications, Bank of New York Mellon, State Street, Mastercard, Visa, Block, Robinhood, SoFi, Chime, Russel Investments, and Dell Technologies have all announced that they will match employee contributions to Trump Accounts in a variety of forms that work best for their employees. And today, Steak ‘n Shake, Broadcom, Intel, IBM, JP Morgan, Chipotle, Coinbase, and Comcast all announced that they will offer matching contributions as well. The President foresees a day where matching contributions to Trump Accounts will be as integral to an employee benefits package as a matching 401(k).\n\nThrough Trump Accounts, our President is putting the American Dream within reach of every citizen, no matter the circumstances of birth. When young Americans turn 18, they can use their Trump Accounts to keep saving for their retirement. Or they can use them to help purchase a new home or further their education—two hallmarks of the American Dream.\n\n***Funding through Philanthropists and Charitable Organizations***\n\nThe next means of funding is through generous donations from wealthy Americans and charitable organizations. Consider how Trump Accounts are revolutionizing not only investing but philanthropy as well.\n\nThe United States is the most generous country in the history of the world. In 2024 alone, our citizens gave over half a trillion dollars to charity. That’s more than the GDP of advanced countries like Singapore, Austria, and the UAE.\n\nMany Americans want to give back to their fellow citizens through charitable donations. But our country has long lacked a platform of private ownership from birth that facilitated philanthropy at-scale direct to American children.\n\nNot anymore.\n\nTrump Accounts are the most capital-efficient form of philanthropy ever devised.\n\nTypically, middlemen, overhead costs, and administrative expenses dilute the money Americans donate to charity. But Trump Accounts remove those obstacles entirely to put money directly in the hands of American children.\n\nThat’s why America’s savviest capital allocators have devoted enormous sums of wealth to seeding Trump Accounts.\n\nMichael and Susan Dell led the way by pledging to donate \\$6.25 billion of their own money to help fund Trump Accounts for 25 million children under the age of 10. Ray and Barbara Dalio then followed suit by pledging \\$75 million to help fund Trump Accounts for more than 300,000 children in Connecticut.\n\nThe Dalios were among the first to join “The 50 State Challenge”—a special initiative Treasury has launched to rally the nation’s philanthropists around a common cause. As the President said in his remarks earlier today, the 50 State Challenge is a crucial element of this revolutionary program. Expect to see more philanthropists adopting states in the months to come as the Administration prepares to launch Trump Accounts on the Fourth of July.\n\n***Funding through States***\n\nThe final way of funding Trump Accounts is through state governments.\n\nThe administration has been working closely with a number of governors to determine the best way states can work with the federal government to expand access to Trump Accounts to as many children as possible. States are the laboratories of our democracy, and their experiments with Trump Accounts will surface the best methods for funding over time.\n\n**Why Trump Accounts Mark A Singular Moment in Economic History**\n\nAt their core, Trump Accounts represent the triumph of capitalism over socialism.\n\nSocialism left in its wake a trail of economic ruin, all in pursuit of the belief that abolishing private ownership would lead to greater equality and human flourishing. In fact, the opposite was true.\n\nThe last century of economic history showed us that the answer was never to abolish private ownership; it was to **democratize** it. To protect, strengthen, and **expand** it to as many people as possible so that everyone can benefit from the prosperity only capitalism can provide.\n\nTrump Accounts do exactly that. They collapse the distinction between earners and owners by making everyone an owner—all while keeping ownership private. In the decades-long contest between capitalism and socialism, this is the Trump card.\n\n***Redefining the Social Contract***\n\nThrough Trump Accounts, our President is creating an ownership economy where all citizens become shareholders in America’s wealth. Today, 38% of American adults do not own stocks. But with Trump accounts, over time, we can get that number down to zero.\n\nI have talked in the past about the importance of promoting Parallel Prosperity—an era of economic expansion where Wall Street and Main Street grow together. But the beauty of Trump Accounts is that prosperity no longer runs parallel; it fuses together. Under Trump Accounts, Wall Street’s success becomes Main Street’s success and vice versa. This is the greatest merger in world history, the merger of Wall Street and Main Street. And it will forever change the relationship Americans have with their own economy.\n\nTrump Accounts represent a fundamental redefinition of the social contract. They offer a radically new platform that returns us to a social contract anchored in individual ownership where everyone starts life on an investing journey.\n\n***Creating Laboratories of Financial Literacy***\n\nTrump Accounts also create a real-time laboratory of financial literacy for all Americans.\n\nConsider an alarming statistic: Approximately two-thirds of Generation Z Americans fail to answer more than half of the basic financial literacy questions on the Nation’s Personal Finance Index. We need to better educate the generation of Americans being born now. Trump Accounts will give us an opportunity to correct course by instilling financial literacy in America’s youth in a way no book, test, or school curriculum could.\n\nTrump Accounts will achieve this goal by providing students with a hands-on education in the power of compound growth. Students with Trump Accounts will be able to watch their investment accounts compound in real time—from a value of a couple thousand dollars in kindergarten to potentially hundreds of thousands of dollars.\n\nImportantly, students will not be able to access their accounts during this time. Keeping accounts locked until age 18 will require Americans to learn the art of long-term savings and compound growth. States, philanthropists, and charitable organizations can also tie funding of individual Trump Accounts to students passing financial literacy courses. This flexibility creates space for states, philanthropies, and educators to innovate and identify what works best in building financial skills.\n\n**Conclusion**\n\nThree pillars of America’s social contract are embedded in the Declaration of Independence: “Life, liberty, and the pursuit of happiness.” Few know that Jefferson borrowed this phrase from John Locke, who famously underscored the centrality of “life, liberty, and **property**.”\n\nProperty and the pursuit of happiness, in other words, are deeply intertwined—and for our Founding Fathers, they were one and the same. Property, or put another way, *ownership* is essential to dignity and human flourishing. This was the ideal our nation was founded on in 1776. And it is the ideal our nation is being re-founded on in 2026.\n\nIn that sense, Trump Accounts are **the** defining policy of America’s 250th anniversary. By expanding equity ownership to all citizens, President Trump is restoring the promise of our Founding, revitalizing the social contract, and helping secure American prosperity for the next 250 years. All families can participate and own part of the American Dream.\n\nAnd with your help, we will succeed.\n\nWhether you are a philanthropist, a family member, or an employer, all of you here will play a critical role in this effort. So join us in growing economic opportunity, future-proofing capitalism, and carrying the promise of the Founding forward for the next century. Join us by investing in Trump Accounts.\n\nThank you.\n\n**\\###**\n\nUse featured image\n\nOff\n\n## Latest News\nApril 27, 2026\n\n[READOUT: Secretary of the Treasury Scott Bessent’s Meeting with European Commissioner for Trade and Economic Security Maroš Šefčovič](https:\/\/home.treasury.gov\/news\/press-releases\/sb0474)\n\n[Treasury Moves to Prevent Abuse of Community Development Financial Institutions Fund Programs](https:\/\/home.treasury.gov\/news\/press-releases\/sb0473)\n\nApril 24, 2026\n\n[Economic Fury Targets Global Network Fueling Iran’s Oil Trade and Shadow Fleet](https:\/\/home.treasury.gov\/news\/press-releases\/sb0472)\n\nApril 23, 2026\n\n[Treasury, IRS Announce Process for Tax Guidance Following DOJ Final Order on Medical Marijuana Rescheduling](https:\/\/home.treasury.gov\/news\/press-releases\/sb0471)\n\n[Treasury Announces Form 990 Transparency Initiative to Expose Hidden Funding and Strengthen Oversight](https:\/\/home.treasury.gov\/news\/press-releases\/sb0470)\n\n### Bureaus\n- [Alcohol and Tobacco Tax and Trade (TTB)](http:\/\/www.ttb.gov\/)\n- [Bureau of Engraving and Printing (BEP)](https:\/\/www.bep.gov\/)\n- [Bureau of the Fiscal Service (BFS)](http:\/\/www.fiscal.treasury.gov\/)\n- [Financial Crimes Enforcement Network (FinCEN)](http:\/\/www.fincen.gov\/)\n- [Internal Revenue Service (IRS)](http:\/\/www.irs.gov\/)\n- [Office of the Comptroller of the Currency (OCC)](http:\/\/www.occ.gov\/)\n- [U.S. Mint](http:\/\/www.usmint.gov\/)\n\n### Inspector General Sites\n- [Office of Inspector General (OIG)](https:\/\/oig.treasury.gov\/)\n- [Treasury Inspector General for Tax Administration (TIGTA)](http:\/\/www.treasury.gov\/tigta)\n- [Report Scams, Fraud, Waste & Abuse](https:\/\/home.treasury.gov\/services\/report-fraud-waste-and-abuse)\n- [Special Inspector General for Pandemic Recovery (SIGPR)](https:\/\/www.sigpr.gov\/)\n\n### U.S. Government Shared Services\n- [Center for Financial Management](https:\/\/fiscal.treasury.gov\/financial-management-solutions\/financial-management-shared-services)\n- [Treasury Direct Services for Governments](https:\/\/www.treasurydirect.gov\/government\/)\n- [Financial Management (FM) Marketplace Catalog](https:\/\/tfx.treasury.gov\/fmqsmo\/marketplace-catalog)\n\n### Additional Resources\n- [Privacy Act](https:\/\/home.treasury.gov\/footer\/privacy-act)\n- [Small Business Contacts](https:\/\/home.treasury.gov\/policy-issues\/small-business-programs\/small-and-disadvantaged-business-utilization\/how-to-contact-us)\n- [Budget and Performance](https:\/\/home.treasury.gov\/about\/budget-financial-reporting-planning-and-performance)\n- [TreasuryDirect.gov Securities\/Bonds](http:\/\/www.treasurydirect.gov\/)\n- [Freedom of Information Act (FOIA)](https:\/\/home.treasury.gov\/footer\/freedom-of-information-act)\n- [No FEAR Act Data](https:\/\/home.treasury.gov\/footer\/no-fear-act)\n- [Whistleblower Protection](https:\/\/home.treasury.gov\/footer\/prohibited-personnel-practices-and-whistleblower-protection)\n\n### Other Government Sites\n- [USA.gov](http:\/\/www.usa.gov\/)\n- [USAJOBS.gov](http:\/\/www.usajobs.gov\/)\n- [OPM.gov](http:\/\/www.opm.gov\/)\n- [MyMoney.gov](http:\/\/www.mymoney.gov\/)\n- [Data.gov](http:\/\/www.data.gov\/)\n- [Forms.gov](https:\/\/www.usa.gov\/forms)\n- [Regulations.gov](http:\/\/www.regulations.gov\/)\n- [PaymentAccuracy.gov](http:\/\/www.paymentaccuracy.gov\/)\n- [my Social Security](http:\/\/www.socialsecurity.gov\/myaccount\/)\n- [Vote.gov](https:\/\/vote.gov\/)\n\n- [Privacy Policy](https:\/\/home.treasury.gov\/subfooter\/privacy-policy \"Privacy Policy\")\n- [Google Privacy](https:\/\/home.treasury.gov\/subfooter\/google-privacy-policy \"Google Privacy\")\n- [Site Policies and Notices](https:\/\/home.treasury.gov\/subfooter\/site-policies-and-notices \"Site Policies and Notices\")\n- [FAQs](https:\/\/home.treasury.gov\/faqs \"FAQs\")\n- [Feedback](https:\/\/www.treasury.gov\/pages\/tgovproblemsfeedbackform.aspx \"Feedback\")\n- [Careers](https:\/\/home.treasury.gov\/about\/careers-at-treasury \"Careers\")\n- [Accessibility](https:\/\/home.treasury.gov\/utility\/accessibility \"Accessibility\")\n- [Contact](https:\/\/home.treasury.gov\/utility\/contact)\n\nRequired Plug-ins [Adobe® Reader®](http:\/\/get.adobe.com\/reader\/)\n\n- [Twitter](https:\/\/twitter.com\/USTreasury)\n- [Facebook](https:\/\/www.facebook.com\/USTreasuryDept)","attrs_readable_markdown":"**Trump Accounts: The Defining Policy of America’s 250th Anniversary**\n\n**Secretary Scott Bessent**\n\n**January 28, 2026**\n\n**Introduction**\n\nThank you, Speaker Johnson, for that kind introduction. It’s an honor to be here with all of you.\n\nPresident Donald Trump will be remembered for many things:\n\n- The President who enacted the largest tax cut in history for American citizens.\n- The President who rebalanced global trade to the benefit of working families.\n- The President who, through simple common sense, saved our country by securing the border.\n- In short, the President who Made America Great Again.\n\nBut arguably his most enduring legacy—the program that will not only transform lives now but ripple across generations—is why we are here today.\n\nHistory will remember President Trump as the leader who brought financial market opportunity to all American families. It will remember him as the President who oversaw the largest merger in history between Main Street and Wall Street. And it will remember him for redefining the social contract through the creation of a shareholder society.\n\nAnd how did he achieve all this? Through Trump Accounts.\n\nTrump Accounts are among the most significant policy innovations of modern times. They mark a **singular moment** in economic history by expanding the benefits of private ownership and compound growth to all Americans. Today, I will explain where Trump Accounts came from, how they work, and why they will render socialist notions moot by making every citizen a shareholder.\n\n**The Origin of Trump Accounts**\n\nFirst, the origin story.\n\nThe idea of opening investment accounts for young Americans first arose in the form of “Baby Bonds” decades ago. But the idea was flawed because the accounts could be invested only in US government bonds.\n\nPresident Trump recognized the shortcomings of this idea while also grasping its promise. So he set out to perfect it.\n\nWorking with some of the most talented businessmen in the country, including Brad Gerstner and Michael Dell, he pioneered Trump Accounts—investment accounts that newborn Americans can receive on Day 1. Trump Accounts allow for private ownership, multiple funding pathways, and direct investment across a broad swath of the American economy.\n\nWhere President Trump’s predecessors created debt and dependency, President Trump creates assets and expands ownership. This is a signature characteristic of his presidency.\n\n**How Trump Accounts Work**\n\nWith Trump Accounts, **every** American child born between January 1, 2025, and December 31, 2028, is eligible to receive a \\$1,000 contribution from the Treasury Department that will be immediately invested in an index fund. To claim this investment, most families need merely check a box on Form 4547, the most aptly named tax document of all time. We are just three days into the 2026 tax filing season—and already, approximately 500,000 Americans have elected to open a Trump Account for their children.\n\nThe compound growth from Treasury’s initial seed funding alone stands to make young Americans wealthy. Assuming historical growth rates continue, a single \\$1,000 deposit into a Trump Account at birth should grow to an **estimated** amount of at least half a million dollars by the age of retirement.\n\nThe \\$1,000 seed from Treasury is exclusive to newborns. But keep in mind that **any** American below the age of 18 is also eligible to receive a tax-advantaged Trump Account to begin saving for the future. Philanthropists, family, friends, employers, and states can backfill Trump Accounts for these children to help them build a strong financial foundation before graduating high school. Our objective is to provide every American child with a Trump account. And the men and women in this audience will help make that possible.\n\nIn addition to the \\$1,000 seed from Treasury, there are three other channels for funding Trump Accounts: first, through the donations of parents, friends, and employers; second, through the generous donations of wealthy Americans and philanthropic organizations; and third, through donations from state governments.\n\n***Funding through Family, Friends, and Employers***\n\nPresident Trump wanted to make it especially easy for family, friends, and employers to give to Trump Accounts. And he has succeeded in that goal. Donations to a Trump Account will soon be the best gift a child could ever receive.\n\nStarting July 4—our nation’s 250th anniversary—family, friends, and employers will be able to contribute up to \\$5,000 to each Trump Account each year. By contributing the maximum amount annually, the Council of Economic Advisers estimates that a child’s Trump Account could be worth more than \\$1 million at age 28 and tens of millions by the age of retirement.\n\nDonations from employers are essential to bringing the President’s vision to life. Already, we have seen a large number of US businesses across a wide range of industries step up to support Trump Accounts.\n\nCompanies like Charles Schwab, Uber, Charter Communications, Bank of New York Mellon, State Street, Mastercard, Visa, Block, Robinhood, SoFi, Chime, Russel Investments, and Dell Technologies have all announced that they will match employee contributions to Trump Accounts in a variety of forms that work best for their employees. And today, Steak ‘n Shake, Broadcom, Intel, IBM, JP Morgan, Chipotle, Coinbase, and Comcast all announced that they will offer matching contributions as well. The President foresees a day where matching contributions to Trump Accounts will be as integral to an employee benefits package as a matching 401(k).\n\nThrough Trump Accounts, our President is putting the American Dream within reach of every citizen, no matter the circumstances of birth. When young Americans turn 18, they can use their Trump Accounts to keep saving for their retirement. Or they can use them to help purchase a new home or further their education—two hallmarks of the American Dream.\n\n***Funding through Philanthropists and Charitable Organizations***\n\nThe next means of funding is through generous donations from wealthy Americans and charitable organizations. Consider how Trump Accounts are revolutionizing not only investing but philanthropy as well.\n\nThe United States is the most generous country in the history of the world. In 2024 alone, our citizens gave over half a trillion dollars to charity. That’s more than the GDP of advanced countries like Singapore, Austria, and the UAE.\n\nMany Americans want to give back to their fellow citizens through charitable donations. But our country has long lacked a platform of private ownership from birth that facilitated philanthropy at-scale direct to American children.\n\nNot anymore.\n\nTrump Accounts are the most capital-efficient form of philanthropy ever devised.\n\nTypically, middlemen, overhead costs, and administrative expenses dilute the money Americans donate to charity. But Trump Accounts remove those obstacles entirely to put money directly in the hands of American children.\n\nThat’s why America’s savviest capital allocators have devoted enormous sums of wealth to seeding Trump Accounts.\n\nMichael and Susan Dell led the way by pledging to donate \\$6.25 billion of their own money to help fund Trump Accounts for 25 million children under the age of 10. Ray and Barbara Dalio then followed suit by pledging \\$75 million to help fund Trump Accounts for more than 300,000 children in Connecticut.\n\nThe Dalios were among the first to join “The 50 State Challenge”—a special initiative Treasury has launched to rally the nation’s philanthropists around a common cause. As the President said in his remarks earlier today, the 50 State Challenge is a crucial element of this revolutionary program. Expect to see more philanthropists adopting states in the months to come as the Administration prepares to launch Trump Accounts on the Fourth of July.\n\n***Funding through States***\n\nThe final way of funding Trump Accounts is through state governments.\n\nThe administration has been working closely with a number of governors to determine the best way states can work with the federal government to expand access to Trump Accounts to as many children as possible. States are the laboratories of our democracy, and their experiments with Trump Accounts will surface the best methods for funding over time.\n\n**Why Trump Accounts Mark A Singular Moment in Economic History**\n\nAt their core, Trump Accounts represent the triumph of capitalism over socialism.\n\nSocialism left in its wake a trail of economic ruin, all in pursuit of the belief that abolishing private ownership would lead to greater equality and human flourishing. In fact, the opposite was true.\n\nThe last century of economic history showed us that the answer was never to abolish private ownership; it was to **democratize** it. To protect, strengthen, and **expand** it to as many people as possible so that everyone can benefit from the prosperity only capitalism can provide.\n\nTrump Accounts do exactly that. They collapse the distinction between earners and owners by making everyone an owner—all while keeping ownership private. In the decades-long contest between capitalism and socialism, this is the Trump card.\n\n***Redefining the Social Contract***\n\nThrough Trump Accounts, our President is creating an ownership economy where all citizens become shareholders in America’s wealth. Today, 38% of American adults do not own stocks. But with Trump accounts, over time, we can get that number down to zero.\n\nI have talked in the past about the importance of promoting Parallel Prosperity—an era of economic expansion where Wall Street and Main Street grow together. But the beauty of Trump Accounts is that prosperity no longer runs parallel; it fuses together. Under Trump Accounts, Wall Street’s success becomes Main Street’s success and vice versa. This is the greatest merger in world history, the merger of Wall Street and Main Street. And it will forever change the relationship Americans have with their own economy.\n\nTrump Accounts represent a fundamental redefinition of the social contract. They offer a radically new platform that returns us to a social contract anchored in individual ownership where everyone starts life on an investing journey.\n\n***Creating Laboratories of Financial Literacy***\n\nTrump Accounts also create a real-time laboratory of financial literacy for all Americans.\n\nConsider an alarming statistic: Approximately two-thirds of Generation Z Americans fail to answer more than half of the basic financial literacy questions on the Nation’s Personal Finance Index. We need to better educate the generation of Americans being born now. Trump Accounts will give us an opportunity to correct course by instilling financial literacy in America’s youth in a way no book, test, or school curriculum could.\n\nTrump Accounts will achieve this goal by providing students with a hands-on education in the power of compound growth. Students with Trump Accounts will be able to watch their investment accounts compound in real time—from a value of a couple thousand dollars in kindergarten to potentially hundreds of thousands of dollars.\n\nImportantly, students will not be able to access their accounts during this time. Keeping accounts locked until age 18 will require Americans to learn the art of long-term savings and compound growth. States, philanthropists, and charitable organizations can also tie funding of individual Trump Accounts to students passing financial literacy courses. This flexibility creates space for states, philanthropies, and educators to innovate and identify what works best in building financial skills.\n\n**Conclusion**\n\nThree pillars of America’s social contract are embedded in the Declaration of Independence: “Life, liberty, and the pursuit of happiness.” Few know that Jefferson borrowed this phrase from John Locke, who famously underscored the centrality of “life, liberty, and **property**.”\n\nProperty and the pursuit of happiness, in other words, are deeply intertwined—and for our Founding Fathers, they were one and the same. Property, or put another way, *ownership* is essential to dignity and human flourishing. This was the ideal our nation was founded on in 1776. And it is the ideal our nation is being re-founded on in 2026.\n\nIn that sense, Trump Accounts are **the** defining policy of America’s 250th anniversary. By expanding equity ownership to all citizens, President Trump is restoring the promise of our Founding, revitalizing the social contract, and helping secure American prosperity for the next 250 years. All families can participate and own part of the American Dream.\n\nAnd with your help, we will succeed.\n\nWhether you are a philanthropist, a family member, or an employer, all of you here will play a critical role in this effort. So join us in growing economic opportunity, future-proofing capitalism, and carrying the promise of the Founding forward for the next century. 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Trump Accounts: The Defining Policy of America’s 250th Anniversary | U.S. Department of the Treasury

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Trump Accounts: The Defining Policy of America’s 250th Anniversary Secretary Scott Bessent January 28, 2026 Introduction Thank you, Speaker Johnson, for that kind introduction. It’s an honor to be here with all of you. President Donald Trump will be remembered for many things: The President who enacted the largest tax cut in history for American citizens. The President who rebalanced global trade to the benefit of working families. The President who, through simple common sense, saved our country by securing the border. In short, the President who Made America Great Again. But arguably his most enduring legacy—the program that will not only transform lives now but ripple across generations—is why we are here today. History will remember President Trump as the leader who brought financial market opportunity to all American families. It will remember him as the President who oversaw the largest merger in history between Main Street and Wall Street. And it will remember him for redefining the social contract through the creation of a shareholder society. And how did he achieve all this? Through Trump Accounts. Trump Accounts are among the most significant policy innovations of modern times. They mark a singular moment in economic history by expanding the benefits of private ownership and compound growth to all Americans. Today, I will explain where Trump Accounts came from, how they work, and why they will render socialist notions moot by making every citizen a shareholder. The Origin of Trump Accounts First, the origin story. The idea of opening investment accounts for young Americans first arose in the form of “Baby Bonds” decades ago. But the idea was flawed because the accounts could be invested only in US government bonds. President Trump recognized the shortcomings of this idea while also grasping its promise. So he set out to perfect it. Working with some of the most talented businessmen in the country, including Brad Gerstner and Michael Dell, he pioneered Trump Accounts—investment accounts that newborn Americans can receive on Day 1. Trump Accounts allow for private ownership, multiple funding pathways, and direct investment across a broad swath of the American economy. Where President Trump’s predecessors created debt and dependency, President Trump creates assets and expands ownership. This is a signature characteristic of his presidency. How Trump Accounts Work With Trump Accounts, every American child born between January 1, 2025, and December 31, 2028, is eligible to receive a $1,000 contribution from the Treasury Department that will be immediately invested in an index fund. To claim this investment, most families need merely check a box on Form 4547, the most aptly named tax document of all time. We are just three days into the 2026 tax filing season—and already, approximately 500,000 Americans have elected to open a Trump Account for their children. The compound growth from Treasury’s initial seed funding alone stands to make young Americans wealthy. Assuming historical growth rates continue, a single $1,000 deposit into a Trump Account at birth should grow to an estimated amount of at least half a million dollars by the age of retirement. The $1,000 seed from Treasury is exclusive to newborns. But keep in mind that any American below the age of 18 is also eligible to receive a tax-advantaged Trump Account to begin saving for the future. Philanthropists, family, friends, employers, and states can backfill Trump Accounts for these children to help them build a strong financial foundation before graduating high school. Our objective is to provide every American child with a Trump account. And the men and women in this audience will help make that possible. In addition to the $1,000 seed from Treasury, there are three other channels for funding Trump Accounts: first, through the donations of parents, friends, and employers; second, through the generous donations of wealthy Americans and philanthropic organizations; and third, through donations from state governments. Funding through Family, Friends, and Employers President Trump wanted to make it especially easy for family, friends, and employers to give to Trump Accounts. And he has succeeded in that goal. Donations to a Trump Account will soon be the best gift a child could ever receive. Starting July 4—our nation’s 250th anniversary—family, friends, and employers will be able to contribute up to $5,000 to each Trump Account each year. By contributing the maximum amount annually, the Council of Economic Advisers estimates that a child’s Trump Account could be worth more than $1 million at age 28 and tens of millions by the age of retirement. Donations from employers are essential to bringing the President’s vision to life. Already, we have seen a large number of US businesses across a wide range of industries step up to support Trump Accounts. Companies like Charles Schwab, Uber, Charter Communications, Bank of New York Mellon, State Street, Mastercard, Visa, Block, Robinhood, SoFi, Chime, Russel Investments, and Dell Technologies have all announced that they will match employee contributions to Trump Accounts in a variety of forms that work best for their employees. And today, Steak ‘n Shake, Broadcom, Intel, IBM, JP Morgan, Chipotle, Coinbase, and Comcast all announced that they will offer matching contributions as well. The President foresees a day where matching contributions to Trump Accounts will be as integral to an employee benefits package as a matching 401(k). Through Trump Accounts, our President is putting the American Dream within reach of every citizen, no matter the circumstances of birth. When young Americans turn 18, they can use their Trump Accounts to keep saving for their retirement. Or they can use them to help purchase a new home or further their education—two hallmarks of the American Dream. Funding through Philanthropists and Charitable Organizations The next means of funding is through generous donations from wealthy Americans and charitable organizations. Consider how Trump Accounts are revolutionizing not only investing but philanthropy as well. The United States is the most generous country in the history of the world. In 2024 alone, our citizens gave over half a trillion dollars to charity. That’s more than the GDP of advanced countries like Singapore, Austria, and the UAE. Many Americans want to give back to their fellow citizens through charitable donations. But our country has long lacked a platform of private ownership from birth that facilitated philanthropy at-scale direct to American children. Not anymore. Trump Accounts are the most capital-efficient form of philanthropy ever devised. Typically, middlemen, overhead costs, and administrative expenses dilute the money Americans donate to charity. But Trump Accounts remove those obstacles entirely to put money directly in the hands of American children. That’s why America’s savviest capital allocators have devoted enormous sums of wealth to seeding Trump Accounts. Michael and Susan Dell led the way by pledging to donate $6.25 billion of their own money to help fund Trump Accounts for 25 million children under the age of 10. Ray and Barbara Dalio then followed suit by pledging $75 million to help fund Trump Accounts for more than 300,000 children in Connecticut. The Dalios were among the first to join “The 50 State Challenge”—a special initiative Treasury has launched to rally the nation’s philanthropists around a common cause. As the President said in his remarks earlier today, the 50 State Challenge is a crucial element of this revolutionary program. Expect to see more philanthropists adopting states in the months to come as the Administration prepares to launch Trump Accounts on the Fourth of July. Funding through States The final way of funding Trump Accounts is through state governments. The administration has been working closely with a number of governors to determine the best way states can work with the federal government to expand access to Trump Accounts to as many children as possible. States are the laboratories of our democracy, and their experiments with Trump Accounts will surface the best methods for funding over time. Why Trump Accounts Mark A Singular Moment in Economic History At their core, Trump Accounts represent the triumph of capitalism over socialism. Socialism left in its wake a trail of economic ruin, all in pursuit of the belief that abolishing private ownership would lead to greater equality and human flourishing. In fact, the opposite was true. The last century of economic history showed us that the answer was never to abolish private ownership; it was to democratize it. To protect, strengthen, and expand it to as many people as possible so that everyone can benefit from the prosperity only capitalism can provide. Trump Accounts do exactly that. They collapse the distinction between earners and owners by making everyone an owner—all while keeping ownership private. In the decades-long contest between capitalism and socialism, this is the Trump card. Redefining the Social Contract Through Trump Accounts, our President is creating an ownership economy where all citizens become shareholders in America’s wealth. Today, 38% of American adults do not own stocks. But with Trump accounts, over time, we can get that number down to zero. I have talked in the past about the importance of promoting Parallel Prosperity—an era of economic expansion where Wall Street and Main Street grow together. But the beauty of Trump Accounts is that prosperity no longer runs parallel; it fuses together. Under Trump Accounts, Wall Street’s success becomes Main Street’s success and vice versa. This is the greatest merger in world history, the merger of Wall Street and Main Street. And it will forever change the relationship Americans have with their own economy. Trump Accounts represent a fundamental redefinition of the social contract. They offer a radically new platform that returns us to a social contract anchored in individual ownership where everyone starts life on an investing journey. Creating Laboratories of Financial Literacy Trump Accounts also create a real-time laboratory of financial literacy for all Americans. Consider an alarming statistic: Approximately two-thirds of Generation Z Americans fail to answer more than half of the basic financial literacy questions on the Nation’s Personal Finance Index. We need to better educate the generation of Americans being born now. Trump Accounts will give us an opportunity to correct course by instilling financial literacy in America’s youth in a way no book, test, or school curriculum could. Trump Accounts will achieve this goal by providing students with a hands-on education in the power of compound growth. Students with Trump Accounts will be able to watch their investment accounts compound in real time—from a value of a couple thousand dollars in kindergarten to potentially hundreds of thousands of dollars. Importantly, students will not be able to access their accounts during this time. Keeping accounts locked until age 18 will require Americans to learn the art of long-term savings and compound growth. States, philanthropists, and charitable organizations can also tie funding of individual Trump Accounts to students passing financial literacy courses. This flexibility creates space for states, philanthropies, and educators to innovate and identify what works best in building financial skills. Conclusion Three pillars of America’s social contract are embedded in the Declaration of Independence: “Life, liberty, and the pursuit of happiness.” Few know that Jefferson borrowed this phrase from John Locke, who famously underscored the centrality of “life, liberty, and property .” Property and the pursuit of happiness, in other words, are deeply intertwined—and for our Founding Fathers, they were one and the same. Property, or put another way, ownership is essential to dignity and human flourishing. This was the ideal our nation was founded on in 1776. And it is the ideal our nation is being re-founded on in 2026. In that sense, Trump Accounts are the defining policy of America’s 250 th anniversary. By expanding equity ownership to all citizens, President Trump is restoring the promise of our Founding, revitalizing the social contract, and helping secure American prosperity for the next 250 years. All families can participate and own part of the American Dream. And with your help, we will succeed. Whether you are a philanthropist, a family member, or an employer, all of you here will play a critical role in this effort. So join us in growing economic opportunity, future-proofing capitalism, and carrying the promise of the Founding forward for the next century. Join us by investing in Trump Accounts. Thank you. ###

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[Home](https://home.treasury.gov/) 2. [News](https://home.treasury.gov/news) 3. [Press Releases](https://home.treasury.gov/news/press-releases) 4. [Statements & Remarks](https://home.treasury.gov/news/press-releases/statements-remarks) 5. [Secretary Statements & Remarks](https://home.treasury.gov/news/press-releases/statements-remarks/secretary) News - [Press Releases](https://home.treasury.gov/news/press-releases) - [Statements & Remarks](https://home.treasury.gov/news/press-releases/statements-remarks) - [Readouts](https://home.treasury.gov/news/press-releases/readouts) - [Testimonies](https://home.treasury.gov/news/press-releases/testimonies) - [Featured Stories](https://home.treasury.gov/news/featured-stories) - [Webcasts](https://home.treasury.gov/news/webcasts) - [Press Contacts](https://home.treasury.gov/news/contacts-for-members-of-the-media) Secretary Statements & Remarks ## Trump Accounts: The Defining Policy of America’s 250th Anniversary January 28, 2026 **Trump Accounts: The Defining Policy of America’s 250th Anniversary** **Secretary Scott Bessent** **January 28, 2026** **Introduction** Thank you, Speaker Johnson, for that kind introduction. It’s an honor to be here with all of you. President Donald Trump will be remembered for many things: - The President who enacted the largest tax cut in history for American citizens. - The President who rebalanced global trade to the benefit of working families. - The President who, through simple common sense, saved our country by securing the border. - In short, the President who Made America Great Again. But arguably his most enduring legacy—the program that will not only transform lives now but ripple across generations—is why we are here today. History will remember President Trump as the leader who brought financial market opportunity to all American families. It will remember him as the President who oversaw the largest merger in history between Main Street and Wall Street. And it will remember him for redefining the social contract through the creation of a shareholder society. And how did he achieve all this? Through Trump Accounts. Trump Accounts are among the most significant policy innovations of modern times. They mark a **singular moment** in economic history by expanding the benefits of private ownership and compound growth to all Americans. Today, I will explain where Trump Accounts came from, how they work, and why they will render socialist notions moot by making every citizen a shareholder. **The Origin of Trump Accounts** First, the origin story. The idea of opening investment accounts for young Americans first arose in the form of “Baby Bonds” decades ago. But the idea was flawed because the accounts could be invested only in US government bonds. President Trump recognized the shortcomings of this idea while also grasping its promise. So he set out to perfect it. Working with some of the most talented businessmen in the country, including Brad Gerstner and Michael Dell, he pioneered Trump Accounts—investment accounts that newborn Americans can receive on Day 1. Trump Accounts allow for private ownership, multiple funding pathways, and direct investment across a broad swath of the American economy. Where President Trump’s predecessors created debt and dependency, President Trump creates assets and expands ownership. This is a signature characteristic of his presidency. **How Trump Accounts Work** With Trump Accounts, **every** American child born between January 1, 2025, and December 31, 2028, is eligible to receive a \$1,000 contribution from the Treasury Department that will be immediately invested in an index fund. To claim this investment, most families need merely check a box on Form 4547, the most aptly named tax document of all time. We are just three days into the 2026 tax filing season—and already, approximately 500,000 Americans have elected to open a Trump Account for their children. The compound growth from Treasury’s initial seed funding alone stands to make young Americans wealthy. Assuming historical growth rates continue, a single \$1,000 deposit into a Trump Account at birth should grow to an **estimated** amount of at least half a million dollars by the age of retirement. The \$1,000 seed from Treasury is exclusive to newborns. But keep in mind that **any** American below the age of 18 is also eligible to receive a tax-advantaged Trump Account to begin saving for the future. Philanthropists, family, friends, employers, and states can backfill Trump Accounts for these children to help them build a strong financial foundation before graduating high school. Our objective is to provide every American child with a Trump account. And the men and women in this audience will help make that possible. In addition to the \$1,000 seed from Treasury, there are three other channels for funding Trump Accounts: first, through the donations of parents, friends, and employers; second, through the generous donations of wealthy Americans and philanthropic organizations; and third, through donations from state governments. ***Funding through Family, Friends, and Employers*** President Trump wanted to make it especially easy for family, friends, and employers to give to Trump Accounts. And he has succeeded in that goal. Donations to a Trump Account will soon be the best gift a child could ever receive. Starting July 4—our nation’s 250th anniversary—family, friends, and employers will be able to contribute up to \$5,000 to each Trump Account each year. By contributing the maximum amount annually, the Council of Economic Advisers estimates that a child’s Trump Account could be worth more than \$1 million at age 28 and tens of millions by the age of retirement. Donations from employers are essential to bringing the President’s vision to life. Already, we have seen a large number of US businesses across a wide range of industries step up to support Trump Accounts. Companies like Charles Schwab, Uber, Charter Communications, Bank of New York Mellon, State Street, Mastercard, Visa, Block, Robinhood, SoFi, Chime, Russel Investments, and Dell Technologies have all announced that they will match employee contributions to Trump Accounts in a variety of forms that work best for their employees. And today, Steak ‘n Shake, Broadcom, Intel, IBM, JP Morgan, Chipotle, Coinbase, and Comcast all announced that they will offer matching contributions as well. The President foresees a day where matching contributions to Trump Accounts will be as integral to an employee benefits package as a matching 401(k). Through Trump Accounts, our President is putting the American Dream within reach of every citizen, no matter the circumstances of birth. When young Americans turn 18, they can use their Trump Accounts to keep saving for their retirement. Or they can use them to help purchase a new home or further their education—two hallmarks of the American Dream. ***Funding through Philanthropists and Charitable Organizations*** The next means of funding is through generous donations from wealthy Americans and charitable organizations. Consider how Trump Accounts are revolutionizing not only investing but philanthropy as well. The United States is the most generous country in the history of the world. In 2024 alone, our citizens gave over half a trillion dollars to charity. That’s more than the GDP of advanced countries like Singapore, Austria, and the UAE. Many Americans want to give back to their fellow citizens through charitable donations. But our country has long lacked a platform of private ownership from birth that facilitated philanthropy at-scale direct to American children. Not anymore. Trump Accounts are the most capital-efficient form of philanthropy ever devised. Typically, middlemen, overhead costs, and administrative expenses dilute the money Americans donate to charity. But Trump Accounts remove those obstacles entirely to put money directly in the hands of American children. That’s why America’s savviest capital allocators have devoted enormous sums of wealth to seeding Trump Accounts. Michael and Susan Dell led the way by pledging to donate \$6.25 billion of their own money to help fund Trump Accounts for 25 million children under the age of 10. Ray and Barbara Dalio then followed suit by pledging \$75 million to help fund Trump Accounts for more than 300,000 children in Connecticut. The Dalios were among the first to join “The 50 State Challenge”—a special initiative Treasury has launched to rally the nation’s philanthropists around a common cause. As the President said in his remarks earlier today, the 50 State Challenge is a crucial element of this revolutionary program. Expect to see more philanthropists adopting states in the months to come as the Administration prepares to launch Trump Accounts on the Fourth of July. ***Funding through States*** The final way of funding Trump Accounts is through state governments. The administration has been working closely with a number of governors to determine the best way states can work with the federal government to expand access to Trump Accounts to as many children as possible. States are the laboratories of our democracy, and their experiments with Trump Accounts will surface the best methods for funding over time. **Why Trump Accounts Mark A Singular Moment in Economic History** At their core, Trump Accounts represent the triumph of capitalism over socialism. Socialism left in its wake a trail of economic ruin, all in pursuit of the belief that abolishing private ownership would lead to greater equality and human flourishing. In fact, the opposite was true. The last century of economic history showed us that the answer was never to abolish private ownership; it was to **democratize** it. To protect, strengthen, and **expand** it to as many people as possible so that everyone can benefit from the prosperity only capitalism can provide. Trump Accounts do exactly that. They collapse the distinction between earners and owners by making everyone an owner—all while keeping ownership private. In the decades-long contest between capitalism and socialism, this is the Trump card. ***Redefining the Social Contract*** Through Trump Accounts, our President is creating an ownership economy where all citizens become shareholders in America’s wealth. Today, 38% of American adults do not own stocks. But with Trump accounts, over time, we can get that number down to zero. I have talked in the past about the importance of promoting Parallel Prosperity—an era of economic expansion where Wall Street and Main Street grow together. But the beauty of Trump Accounts is that prosperity no longer runs parallel; it fuses together. Under Trump Accounts, Wall Street’s success becomes Main Street’s success and vice versa. This is the greatest merger in world history, the merger of Wall Street and Main Street. And it will forever change the relationship Americans have with their own economy. Trump Accounts represent a fundamental redefinition of the social contract. They offer a radically new platform that returns us to a social contract anchored in individual ownership where everyone starts life on an investing journey. ***Creating Laboratories of Financial Literacy*** Trump Accounts also create a real-time laboratory of financial literacy for all Americans. Consider an alarming statistic: Approximately two-thirds of Generation Z Americans fail to answer more than half of the basic financial literacy questions on the Nation’s Personal Finance Index. We need to better educate the generation of Americans being born now. Trump Accounts will give us an opportunity to correct course by instilling financial literacy in America’s youth in a way no book, test, or school curriculum could. Trump Accounts will achieve this goal by providing students with a hands-on education in the power of compound growth. Students with Trump Accounts will be able to watch their investment accounts compound in real time—from a value of a couple thousand dollars in kindergarten to potentially hundreds of thousands of dollars. Importantly, students will not be able to access their accounts during this time. Keeping accounts locked until age 18 will require Americans to learn the art of long-term savings and compound growth. States, philanthropists, and charitable organizations can also tie funding of individual Trump Accounts to students passing financial literacy courses. This flexibility creates space for states, philanthropies, and educators to innovate and identify what works best in building financial skills. **Conclusion** Three pillars of America’s social contract are embedded in the Declaration of Independence: “Life, liberty, and the pursuit of happiness.” Few know that Jefferson borrowed this phrase from John Locke, who famously underscored the centrality of “life, liberty, and **property**.” Property and the pursuit of happiness, in other words, are deeply intertwined—and for our Founding Fathers, they were one and the same. Property, or put another way, *ownership* is essential to dignity and human flourishing. This was the ideal our nation was founded on in 1776. And it is the ideal our nation is being re-founded on in 2026. In that sense, Trump Accounts are **the** defining policy of America’s 250th anniversary. By expanding equity ownership to all citizens, President Trump is restoring the promise of our Founding, revitalizing the social contract, and helping secure American prosperity for the next 250 years. All families can participate and own part of the American Dream. And with your help, we will succeed. Whether you are a philanthropist, a family member, or an employer, all of you here will play a critical role in this effort. So join us in growing economic opportunity, future-proofing capitalism, and carrying the promise of the Founding forward for the next century. Join us by investing in Trump Accounts. Thank you. **\###** Use featured image Off ## Latest News April 27, 2026 [READOUT: Secretary of the Treasury Scott Bessent’s Meeting with European Commissioner for Trade and Economic Security Maroš Šefčovič](https://home.treasury.gov/news/press-releases/sb0474) [Treasury Moves to Prevent Abuse of Community Development Financial Institutions Fund Programs](https://home.treasury.gov/news/press-releases/sb0473) April 24, 2026 [Economic Fury Targets Global Network Fueling Iran’s Oil Trade and Shadow Fleet](https://home.treasury.gov/news/press-releases/sb0472) April 23, 2026 [Treasury, IRS Announce Process for Tax Guidance Following DOJ Final Order on Medical Marijuana Rescheduling](https://home.treasury.gov/news/press-releases/sb0471) [Treasury Announces Form 990 Transparency Initiative to Expose Hidden Funding and Strengthen Oversight](https://home.treasury.gov/news/press-releases/sb0470) ### Bureaus - [Alcohol and Tobacco Tax and Trade (TTB)](http://www.ttb.gov/) - [Bureau of Engraving and Printing (BEP)](https://www.bep.gov/) - [Bureau of the Fiscal Service (BFS)](http://www.fiscal.treasury.gov/) - [Financial Crimes Enforcement Network (FinCEN)](http://www.fincen.gov/) - [Internal Revenue Service (IRS)](http://www.irs.gov/) - [Office of the Comptroller of the Currency (OCC)](http://www.occ.gov/) - [U.S. Mint](http://www.usmint.gov/) ### Inspector General Sites - [Office of Inspector General (OIG)](https://oig.treasury.gov/) - [Treasury Inspector General for Tax Administration (TIGTA)](http://www.treasury.gov/tigta) - [Report Scams, Fraud, Waste & Abuse](https://home.treasury.gov/services/report-fraud-waste-and-abuse) - [Special Inspector General for Pandemic Recovery (SIGPR)](https://www.sigpr.gov/) ### U.S. Government Shared Services - [Center for Financial Management](https://fiscal.treasury.gov/financial-management-solutions/financial-management-shared-services) - [Treasury Direct Services for Governments](https://www.treasurydirect.gov/government/) - [Financial Management (FM) Marketplace Catalog](https://tfx.treasury.gov/fmqsmo/marketplace-catalog) ### Additional Resources - [Privacy Act](https://home.treasury.gov/footer/privacy-act) - [Small Business Contacts](https://home.treasury.gov/policy-issues/small-business-programs/small-and-disadvantaged-business-utilization/how-to-contact-us) - [Budget and Performance](https://home.treasury.gov/about/budget-financial-reporting-planning-and-performance) - [TreasuryDirect.gov Securities/Bonds](http://www.treasurydirect.gov/) - [Freedom of Information Act (FOIA)](https://home.treasury.gov/footer/freedom-of-information-act) - [No FEAR Act Data](https://home.treasury.gov/footer/no-fear-act) - [Whistleblower Protection](https://home.treasury.gov/footer/prohibited-personnel-practices-and-whistleblower-protection) ### Other Government Sites - [USA.gov](http://www.usa.gov/) - [USAJOBS.gov](http://www.usajobs.gov/) - [OPM.gov](http://www.opm.gov/) - [MyMoney.gov](http://www.mymoney.gov/) - [Data.gov](http://www.data.gov/) - [Forms.gov](https://www.usa.gov/forms) - [Regulations.gov](http://www.regulations.gov/) - [PaymentAccuracy.gov](http://www.paymentaccuracy.gov/) - [my Social Security](http://www.socialsecurity.gov/myaccount/) - [Vote.gov](https://vote.gov/) - [Privacy Policy](https://home.treasury.gov/subfooter/privacy-policy "Privacy Policy") - [Google Privacy](https://home.treasury.gov/subfooter/google-privacy-policy "Google Privacy") - [Site Policies and Notices](https://home.treasury.gov/subfooter/site-policies-and-notices "Site Policies and Notices") - [FAQs](https://home.treasury.gov/faqs "FAQs") - [Feedback](https://www.treasury.gov/pages/tgovproblemsfeedbackform.aspx "Feedback") - [Careers](https://home.treasury.gov/about/careers-at-treasury "Careers") - [Accessibility](https://home.treasury.gov/utility/accessibility "Accessibility") - [Contact](https://home.treasury.gov/utility/contact) Required Plug-ins [Adobe® Reader®](http://get.adobe.com/reader/) - [Twitter](https://twitter.com/USTreasury) - [Facebook](https://www.facebook.com/USTreasuryDept)

Readable Markdown

**Trump Accounts: The Defining Policy of America’s 250th Anniversary** **Secretary Scott Bessent** **January 28, 2026** **Introduction** Thank you, Speaker Johnson, for that kind introduction. It’s an honor to be here with all of you. President Donald Trump will be remembered for many things: - The President who enacted the largest tax cut in history for American citizens. - The President who rebalanced global trade to the benefit of working families. - The President who, through simple common sense, saved our country by securing the border. - In short, the President who Made America Great Again. But arguably his most enduring legacy—the program that will not only transform lives now but ripple across generations—is why we are here today. History will remember President Trump as the leader who brought financial market opportunity to all American families. It will remember him as the President who oversaw the largest merger in history between Main Street and Wall Street. And it will remember him for redefining the social contract through the creation of a shareholder society. And how did he achieve all this? Through Trump Accounts. Trump Accounts are among the most significant policy innovations of modern times. They mark a **singular moment** in economic history by expanding the benefits of private ownership and compound growth to all Americans. Today, I will explain where Trump Accounts came from, how they work, and why they will render socialist notions moot by making every citizen a shareholder. **The Origin of Trump Accounts** First, the origin story. The idea of opening investment accounts for young Americans first arose in the form of “Baby Bonds” decades ago. But the idea was flawed because the accounts could be invested only in US government bonds. President Trump recognized the shortcomings of this idea while also grasping its promise. So he set out to perfect it. Working with some of the most talented businessmen in the country, including Brad Gerstner and Michael Dell, he pioneered Trump Accounts—investment accounts that newborn Americans can receive on Day 1. Trump Accounts allow for private ownership, multiple funding pathways, and direct investment across a broad swath of the American economy. Where President Trump’s predecessors created debt and dependency, President Trump creates assets and expands ownership. This is a signature characteristic of his presidency. **How Trump Accounts Work** With Trump Accounts, **every** American child born between January 1, 2025, and December 31, 2028, is eligible to receive a \$1,000 contribution from the Treasury Department that will be immediately invested in an index fund. To claim this investment, most families need merely check a box on Form 4547, the most aptly named tax document of all time. We are just three days into the 2026 tax filing season—and already, approximately 500,000 Americans have elected to open a Trump Account for their children. The compound growth from Treasury’s initial seed funding alone stands to make young Americans wealthy. Assuming historical growth rates continue, a single \$1,000 deposit into a Trump Account at birth should grow to an **estimated** amount of at least half a million dollars by the age of retirement. The \$1,000 seed from Treasury is exclusive to newborns. But keep in mind that **any** American below the age of 18 is also eligible to receive a tax-advantaged Trump Account to begin saving for the future. Philanthropists, family, friends, employers, and states can backfill Trump Accounts for these children to help them build a strong financial foundation before graduating high school. Our objective is to provide every American child with a Trump account. And the men and women in this audience will help make that possible. In addition to the \$1,000 seed from Treasury, there are three other channels for funding Trump Accounts: first, through the donations of parents, friends, and employers; second, through the generous donations of wealthy Americans and philanthropic organizations; and third, through donations from state governments. ***Funding through Family, Friends, and Employers*** President Trump wanted to make it especially easy for family, friends, and employers to give to Trump Accounts. And he has succeeded in that goal. Donations to a Trump Account will soon be the best gift a child could ever receive. Starting July 4—our nation’s 250th anniversary—family, friends, and employers will be able to contribute up to \$5,000 to each Trump Account each year. By contributing the maximum amount annually, the Council of Economic Advisers estimates that a child’s Trump Account could be worth more than \$1 million at age 28 and tens of millions by the age of retirement. Donations from employers are essential to bringing the President’s vision to life. Already, we have seen a large number of US businesses across a wide range of industries step up to support Trump Accounts. Companies like Charles Schwab, Uber, Charter Communications, Bank of New York Mellon, State Street, Mastercard, Visa, Block, Robinhood, SoFi, Chime, Russel Investments, and Dell Technologies have all announced that they will match employee contributions to Trump Accounts in a variety of forms that work best for their employees. And today, Steak ‘n Shake, Broadcom, Intel, IBM, JP Morgan, Chipotle, Coinbase, and Comcast all announced that they will offer matching contributions as well. The President foresees a day where matching contributions to Trump Accounts will be as integral to an employee benefits package as a matching 401(k). Through Trump Accounts, our President is putting the American Dream within reach of every citizen, no matter the circumstances of birth. When young Americans turn 18, they can use their Trump Accounts to keep saving for their retirement. Or they can use them to help purchase a new home or further their education—two hallmarks of the American Dream. ***Funding through Philanthropists and Charitable Organizations*** The next means of funding is through generous donations from wealthy Americans and charitable organizations. Consider how Trump Accounts are revolutionizing not only investing but philanthropy as well. The United States is the most generous country in the history of the world. In 2024 alone, our citizens gave over half a trillion dollars to charity. That’s more than the GDP of advanced countries like Singapore, Austria, and the UAE. Many Americans want to give back to their fellow citizens through charitable donations. But our country has long lacked a platform of private ownership from birth that facilitated philanthropy at-scale direct to American children. Not anymore. Trump Accounts are the most capital-efficient form of philanthropy ever devised. Typically, middlemen, overhead costs, and administrative expenses dilute the money Americans donate to charity. But Trump Accounts remove those obstacles entirely to put money directly in the hands of American children. That’s why America’s savviest capital allocators have devoted enormous sums of wealth to seeding Trump Accounts. Michael and Susan Dell led the way by pledging to donate \$6.25 billion of their own money to help fund Trump Accounts for 25 million children under the age of 10. Ray and Barbara Dalio then followed suit by pledging \$75 million to help fund Trump Accounts for more than 300,000 children in Connecticut. The Dalios were among the first to join “The 50 State Challenge”—a special initiative Treasury has launched to rally the nation’s philanthropists around a common cause. As the President said in his remarks earlier today, the 50 State Challenge is a crucial element of this revolutionary program. Expect to see more philanthropists adopting states in the months to come as the Administration prepares to launch Trump Accounts on the Fourth of July. ***Funding through States*** The final way of funding Trump Accounts is through state governments. The administration has been working closely with a number of governors to determine the best way states can work with the federal government to expand access to Trump Accounts to as many children as possible. States are the laboratories of our democracy, and their experiments with Trump Accounts will surface the best methods for funding over time. **Why Trump Accounts Mark A Singular Moment in Economic History** At their core, Trump Accounts represent the triumph of capitalism over socialism. Socialism left in its wake a trail of economic ruin, all in pursuit of the belief that abolishing private ownership would lead to greater equality and human flourishing. In fact, the opposite was true. The last century of economic history showed us that the answer was never to abolish private ownership; it was to **democratize** it. To protect, strengthen, and **expand** it to as many people as possible so that everyone can benefit from the prosperity only capitalism can provide. Trump Accounts do exactly that. They collapse the distinction between earners and owners by making everyone an owner—all while keeping ownership private. In the decades-long contest between capitalism and socialism, this is the Trump card. ***Redefining the Social Contract*** Through Trump Accounts, our President is creating an ownership economy where all citizens become shareholders in America’s wealth. Today, 38% of American adults do not own stocks. But with Trump accounts, over time, we can get that number down to zero. I have talked in the past about the importance of promoting Parallel Prosperity—an era of economic expansion where Wall Street and Main Street grow together. But the beauty of Trump Accounts is that prosperity no longer runs parallel; it fuses together. Under Trump Accounts, Wall Street’s success becomes Main Street’s success and vice versa. This is the greatest merger in world history, the merger of Wall Street and Main Street. And it will forever change the relationship Americans have with their own economy. Trump Accounts represent a fundamental redefinition of the social contract. They offer a radically new platform that returns us to a social contract anchored in individual ownership where everyone starts life on an investing journey. ***Creating Laboratories of Financial Literacy*** Trump Accounts also create a real-time laboratory of financial literacy for all Americans. Consider an alarming statistic: Approximately two-thirds of Generation Z Americans fail to answer more than half of the basic financial literacy questions on the Nation’s Personal Finance Index. We need to better educate the generation of Americans being born now. Trump Accounts will give us an opportunity to correct course by instilling financial literacy in America’s youth in a way no book, test, or school curriculum could. Trump Accounts will achieve this goal by providing students with a hands-on education in the power of compound growth. Students with Trump Accounts will be able to watch their investment accounts compound in real time—from a value of a couple thousand dollars in kindergarten to potentially hundreds of thousands of dollars. Importantly, students will not be able to access their accounts during this time. Keeping accounts locked until age 18 will require Americans to learn the art of long-term savings and compound growth. States, philanthropists, and charitable organizations can also tie funding of individual Trump Accounts to students passing financial literacy courses. This flexibility creates space for states, philanthropies, and educators to innovate and identify what works best in building financial skills. **Conclusion** Three pillars of America’s social contract are embedded in the Declaration of Independence: “Life, liberty, and the pursuit of happiness.” Few know that Jefferson borrowed this phrase from John Locke, who famously underscored the centrality of “life, liberty, and **property**.” Property and the pursuit of happiness, in other words, are deeply intertwined—and for our Founding Fathers, they were one and the same. Property, or put another way, *ownership* is essential to dignity and human flourishing. This was the ideal our nation was founded on in 1776. And it is the ideal our nation is being re-founded on in 2026. In that sense, Trump Accounts are **the** defining policy of America’s 250th anniversary. By expanding equity ownership to all citizens, President Trump is restoring the promise of our Founding, revitalizing the social contract, and helping secure American prosperity for the next 250 years. All families can participate and own part of the American Dream. And with your help, we will succeed. Whether you are a philanthropist, a family member, or an employer, all of you here will play a critical role in this effort. So join us in growing economic opportunity, future-proofing capitalism, and carrying the promise of the Founding forward for the next century. Join us by investing in Trump Accounts. Thank you. **\###**

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