July 2026:
Following the joint bell-ringing in the Oval Office on July 6, 2026, marking the launch of Trump Accounts, the U.S. Department of the Treasury announces that Frank Bisignano will lead the implementation of the program’s next phase.
As Chief Executive Officer of the Internal Revenue Service and Commissioner of the Social Security Administration, Mr. Bisignano has been involved in the effort, and his experience will support the program’s implementation and continued growth. Before joining the Trump Administration, he was a veteran financial services chief executive with close to four decades leading large organizations through transformational growth and building high-performing executive teams.
Treasury looks forward to onboarding millions more American children into the initiative, building on the strong early participation already underway. Over 6.5 million families have signed up for Trump Accounts, including more than 1.5 million children eligible for the $1,000 pilot contribution from Treasury.
July 2026:
The U.S. Department of the Treasury announced that it will accept large philanthropic contributions of readily tradable public company stock to support Trump Accounts. This announcement comes ahead of the formal launch of Trump Accounts on July 4, 2026.
Under the new process, eligible philanthropic contributors may transfer approved publicly traded stock to Treasury. The stock will be contributed to Trump Accounts for eligible children consistent with the donor’s instructions, applicable law, and Treasury guidance.
“Today’s announcement makes it easier for philanthropists to help American children build long-term financial security,” said Treasury Secretary Scott Bessent. “By accepting contributions of publicly traded stock, Treasury is creating a practical pathway for large-scale private giving to support the next generation.”
Trump Accounts are designed to help eligible children begin saving and investing early in life. Over six million families have signed up for Trump Accounts prior to the official launch of the program this month.
Parents can download the official app to get started today. For more information about Trump Accounts, visit trumpaccounts.gov.
July 2026:
The U.S. Department of the Treasury announced the official launch (July 4, 2026) of the full Trump Accounts app, giving American families a new way to view, manage, and grow their children’s stake in the nation’s economic future.
On the 250th anniversary of the founding of the United States, the U.S. Department of the Treasury is marking a historic milestone with the nationwide launch of Trump Accounts, an innovative savings and investment platform designed to ensure that future generations of Americans own a stake in the American economy from day one.
“Trump Accounts are now live, giving every child a stake in the American Dream from day one thanks to President Trump,” said U.S. Treasury Secretary Scott Bessent, “The Trump Accounts app is now updated with the full suite of account capabilities: you can start funding your child’s account, exploring financial education modules, and more.”
Trump Accounts will help families build long-term financial security while deepening their understanding of how our markets work.
Full-scope app launch
With today’s launch, the Trump Accounts app now offers full-scope functionality nationwide, allowing parents and kids to securely access their account, see their funds in real time, and contribute to their Trump Account directly from their phone or tablet.
New account dashboards provide a clear view of balances, contributions, and investment performance, empowering families to track progress as children grow. The app also includes exciting new features for parents, making it easier to set recurring contributions, link bank accounts, and receive personalized guidance on building their child’s financial future.
Financial education for families
To complement the launch of full account access, Trump Accounts now includes 15 interactive financial education modules for parents and children. These modules introduce concepts such as saving, investing, compound growth, diversification, and the role of American capital markets in supporting businesses and jobs.
Parents and kids can explore lessons together in the app as they complete modules and apply what they learn to their own Trump Account. By linking learning directly to a real investment account, the program aims to make financial education concrete, engaging, and actionable for families across the country.
Expanding stock ownership from day one
Historically, stock ownership in the United States has been unevenly distributed, with many households—especially younger and lower‑income families—having little or no exposure to the stock market. While recent data show that a majority of adults now own stock in some form, millions still lack an easy, trusted way to begin investing for their children’s future.
Trump Accounts are designed to change that trajectory by helping children start with a foothold in the American economy from birth or early childhood. By combining automatic contributions, long-term investment options, and clear educational tools, the program seeks to increase the share of Americans who benefit from the growth of U.S. businesses and markets over their lifetimes.
Enrollment and market opening
If families have not yet signed up for Trump Accounts, they can do so by visiting TrumpAccounts.gov, where they can learn more about eligibility, safeguards, and program features before opening an account. TrumpAccounts.gov also links directly to major app stores where parents can download the official Trump Accounts app.
There is no cost to open an account. Employers, charitable organizations, and governments can contribute free money to Trump Accounts, and children can only receive those contributions if they have an account.
Once enrolled, parents can begin contributing immediately, and children will be able to track their investments beginning Monday, July 6. Simple performance graphs in the app will help young account holders see how saving and investing over time can build meaningful resources for education, entrepreneurship, homeownership, and retirement.
Employer Contributions
Over 50 companies have committed to offer Trump Account contributions for children of their employees. Employer contributions are one example of free money that may be available for children through Trump Accounts, even if they aren’t eligible for the $1,000 from Treasury.
Trump Accounts give small businesses a new, low-cost, tax-preferred benefit they can use to attract and keep workers, invest in their employees’ families, help workers share in America’s growth, and strengthen Main Street over the long term, while also helping employees build long‑term wealth for their kids. Even small, regular contributions can compound over 18+ years, so modest small‑business dollars can turn into meaningful long‑term assets for employees’ families.
If you are a business or company and interested in employee contributions to Trump Accounts, please email TrumpAccounts@treasury.gov.
July 1, 2026:
The U.S. Department of the Treasury announced (July 1, 2026) the investment lineup for Trump Accounts, including the initial default investment that will be available at launch and four additional low-cost index fund options that responsible parties will be able to elect in the coming months. Through Trump Accounts, American families will be able to choose among the lowest cost options available to invest in their children’s future.
At launch, all contributions to Trump Accounts will be invested in the State Street SPDR Portfolio S&P 500 ETF (SPYM) a low-cost exchange-traded fund (ETF) that tracks the performance of the S&P 500 Index. The fund was selected to provide broad exposure to the U.S. stock market while maintaining expenses well below the statutory fee limitation. Treasury has also selected the following additional low-cost index ETFs for the Trump Accounts investment lineup:
- iShares Core S&P 500 ETF (IVV)
- Vanguard Total Stock Market ETF (VTI)
- State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM)
- iShares Core S&P total U.S. Stock Market ETF (ITOT)
These funds have been selected to provide diversified exposure across major segments of the financial markets while keeping investment costs low.
At launch, the SPYM will serve as the default investment for all Trump Accounts. In the coming months, Treasury expects to make available functionality that will allow parents or guardians to choose how to allocate funds across the additional investment options. Until that functionality is available, all contributions will remain invested in the default fund.
Treasury will announce when investment election functionality becomes available and will provide instructions for responsible parties wishing to change their account’s investment allocation.
For more information about Trump Accounts, visit trumpaccounts.gov
June 11, 2026:
U.S. Treasury Secretary Scott Bessent and First Lady Melania Trump unveiled a new policy initiative Thursday (June 11, 2026) designed to strengthen financial security and opportunity for young Americans in foster care.
This initiative, part of First Lady Melania Trump’s “Fostering the Future” platform, expands access to financial education and introduces new pathways to promote wealth-building by making it easier for eligible foster youth nationwide to obtain access to a “Trump Account.” This landmark effort represents a significant step forward in ensuring that youth in foster care are equipped with the tools and resources needed to achieve long-term financial independence. By combining access to dedicated savings accounts and funding, along with enhanced financial literacy education, the initiative empowers young people to build assets, manage resources responsibly, and plan for their futures.
Within the foster care community, Trump Accounts may sometimes be referred to as “Fostering the Future Accounts,” reflecting on Mrs. Trump’s commitment to helping youth in foster care build a stronger future.
Empowering States to Open Trump Accounts for Foster Children
Under this initiative, a child welfare agency of a state, territorial, or tribal government that is the legal guardian of an eligible child who has a Social Security Number and does not already have an account may elect to open an initial Trump Account for that child. To establish an account, agencies must follow state-specific procedures to complete, sign, and submit Form 4547, which serves as the formal election to create an initial account.
The Internal Revenue Service Office of Governmental Liaison will work directly with each state to provide guidance and ensure agencies have the necessary information to successfully complete this process. Agencies may coordinate with their assigned liaison or contact the IRS Governmental Liaison at pgld.glds.gov.liaison@irs.gov for support.
States are strongly encouraged to adopt policies that explicitly authorize child welfare agencies, or their designees, to act on behalf of children in their care in establishing and managing these accounts. In addition, states are urged to proactively open Trump Accounts for eligible youth who do not already have one, ensuring broad and equitable access to this opportunity.
Increasing Financial Resources for Children in Foster Care
The initiative also provides flexibility for states to deposit federal survivor benefits into Trump Accounts. These contributions count toward the annual contribution limit of $5,000 per account and are intended to help preserve financial resources for the child’s future needs, including education, housing, and career development.
By facilitating early access to savings and financial education, the Treasury Department and the Office of the First Lady aim to break cycles of financial instability and create a stronger foundation for success among youth in foster care. This policy underscores the Administration’s commitment to empowering vulnerable populations through practical, forward-looking solutions that promote financial resilience and long-term prosperity.
The pledge is consistent with the Executive Order Fostering the Future of American Children and Families.
Also Thursday, South Dakota Governor Larry Rhoden announced a commitment to support First Lady Melania Trump’s efforts to strengthen the well-being of foster youth by ensuring Social Security survivor benefits for eligible foster children are protected through Trump Accounts. This action will help safeguard these benefits for foster youth across the state and support their long-term financial security.
“Our youth are the future of our state, and my Administration will continue to do everything we can to set them up for success,” said Governor Larry Rhoden. “I am grateful for First Lady Melania Trump’s efforts to strengthen the well-being of our foster youth. By participating in her efforts, we will ensure South Dakota’s foster youth can step into a financial future that is strong, safe, and free.”
Trump Accounts are proposed long-term savings and investment accounts designed to help children and youth build financial security from an early age. While all eligible children may participate through contributions from family members or guardians, foster youth who have lost a parent would have their Social Security survivor benefits deposited into their accounts, helping their financial foundation and support future independence.
The South Dakota Department of Social Services currently serves as a representative payee for approximately 75 children who receive Social Security survivor benefits.
This pledge also supports South Dakota First Lady Sandy Rhoden’s commitment to serving and supporting foster care youth. She serves on the board of South Dakota Kids Belong, a nonprofit that seeks to create a brighter future for foster kids across the state.
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