Topic
Trump Accounts
9 stories related to this topic, newest first.
Benzingafinance24 days ago
Cathie Wood Supports Trump Accounts for Minors
Cathie Wood, founder and CEO of ARK Invest, endorsed the Invest America Accounts program for children under 18. The accounts provide tax-deferred investment options and include a government seed deposit for eligible births.
finance24 days ago
Trump Accounts Offer $1,000 Government Deposit for U.S. Children Born 2025-2028
The One Big Beautiful Bill Act created tax-advantaged accounts for families with children born between 2025 and 2028. The accounts include a $1,000 federal deposit and allow annual contributions up to $5,000. An official app launched on May 28, 2026.
Bloombergpolitics25 days ago
Trump Accounts Launch via Treasury App on Thursday
A mobile app for parents to manage Trump Accounts for their children will become available Thursday. Treasury Secretary Scott Bessent said the accounts themselves open July 4.
foxbusiness.compolitics32 days ago
Trump Accounts Program Shows Low Enrollment Among Eligible Children
The Trump Accounts program has enrolled about 6.6 million children out of roughly 73 million eligible. Officials have discussed allowing stock donations into the accounts, but the main issue remains the lack of automatic enrollment.
usmagazine.compolitics46 days ago
Trump Administration Considers Allowing Appreciated Stock Donations to Trump Accounts
Officials are discussing a proposal that would let wealthy individuals donate company shares to the investment accounts, potentially with significant tax advantages. The plan would add stocks to Trump Accounts. Reporting on the talks was published by Forbes and The New York Times…
UN
upi.comfinance54 days ago
Robinhood Reports 18% Q1 Expense Increase and $100M Investment in 'Trump Accounts'
Robinhood's shares fell on Tuesday following the company's report of an 18% increase in first-quarter expenses. The firm also warned that its 'Trump account' initiative would need an additional $100 million investment. The first quarter covered January through March 2026.
Substrate placeholder — needs reviewfinance52 days ago
Treasury Reports 5 Million Enrollments in New Child Investment Accounts with $1,000 Seed Funding
Trump accounts have enrolled 5 million children, according to Treasury Secretary Scott Bessent. Of these, 1.2 million qualify for a $1,000 pilot program contribution from the U.S. Department of the Treasury. The accounts, enacted through President Donald Trump's legislation, laun…
Substrate placeholder — needs reviewfinance52 days ago
Robinhood Partners with U.S. Treasury and BNY Mellon for Trump Accounts Targeting Children Born 2025-2028
The U.S. Treasury Department selected Robinhood and BNY Mellon to support Trump Accounts, tax-deferred investment accounts for children. These accounts will launch this summer with a $1,000 government contribution for eligible newborns. Robinhood CEO Vlad Tenev stated the partner…
Substrate placeholder — needs reviewfinance76 days ago
U.S. Treasury Designates BNY as Agent for Trump Accounts and Partners with Robinhood on App
The U.S. Treasury Department has designated Bank of New York Mellon as the financial agent to manage Trump accounts. BNY will partner with Robinhood to develop an app for these accounts. This arrangement aims to facilitate access to the accounts through digital means.