Trump Baby Investment Accounts Move Forward as IRS Releases Eligibility Rules

The IRS and Department of Treasury released rules governing Trump Accounts, the $1,000 baby investment program that will automatically create investment accounts for American children born after the program's enactment, in a move that represents one of the most significant expansions of government-supported savings programs in decades. The accounts, which will be funded with a one-time $1,000 federal deposit for every newborn, are designed to give every American child a financial head start and to build a culture of investment and savings from birth. The program's implementation marks a notable policy achievement that draws on a bipartisan principle of investing in the next generation's financial security.