(Official White House Photo by Joyce N. Boghosian)
President Trump will deliver a speech this morning at a summit promoting Trump Accounts, a tax-advantaged investment account for young children.
Under the new law passed as part of the sweeping One Big Beautiful Bill Act earlier this year, each child born in the U.S. between January 1, 2025, and December 31, 2028, will automatically receive a $1,000 government-seeded account. An additional $5,000 per year can be added to the account.
Trump will deliver his remarks at the Andrew W. Mellon Auditorium in Washington, DC.
Trump previously announced that tech billionaires Michael and Susan Dell were pledging $6 billion to the program that will help young American families with young children.
WATCH LIVE: President Trump to Make Announcement on Trump Accounts as Tech Billionaire Michael Dell Pledges $6 BILLION to Help New Families
Per ABC:
President Donald Trump will join Treasury Secretary Scott Bessent, CEOs and investors at an all-day summit on Wednesday in Washington, D.C., calling on parents to open their accounts.
Under Trump’s signature tax and spending legislation, starting this July the federal government will deposit $1,000 for every baby born between 2025 and 2028.
A number of major U.S. companies have already pledged to match the federal government’s initial $1,000 contribution for eligible employees’ children, including Charles Schwab, Robinhood, SoFi, Uber, Charter Communication and BNY.
A Treasury Department official told ABC News that additional pledges will be announced throughout the day, including company matches and contributions.
Others expected to attend the event include Republican Senator Ted Cruz, billionaire Kevin O’Leary, Dell CEO Michael Dell, actress Cheryl Hines, Sofi CEO Anthony Noto, and rapper Nikki Minaj.
The President is scheduled to speak at 11 am ET.
Watch live below:
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