History of Trump account in Timeline

A Trump account, or 530A account, is a stock market index investment account for U.S. citizen children. These accounts were authorized by the One Big Beautiful Bill Act (OBBBA) of 2025.

2014: Dell Deposits into Trump Accounts

In 2014, Michael and Susan Dell offered US$250 deposits for up to twenty-five million children born between 2014–2024 who live in ZIP codes where the median family income is US$150,000 or less.

2024: Dell Deposits into Trump Accounts

In 2024, Michael and Susan Dell offered US$250 deposits for up to twenty-five million children born between 2014–2024 who live in ZIP codes where the median family income is US$150,000 or less.

January 1, 2025: Dell Announces $6.25 Billion Donation for Trump Accounts

In December, Dell and his wife, Susan, announced that they would donate $6.25 billion to fund Trump accounts for up to twenty-five million children, providing $250 each for children below eleven years old who live in ZIP codes in the United States where the median family income is $150,000 or less and were born before January 1, 2025.

May 2025: Trump Accounts Included in OBBBA Draft

In May 2025, Trump accounts were included in the first draft of the OBBBA. President Trump directly pushed for its inclusion, according to Senator Ted Cruz.

June 2025: Businesses Pledge Capital for Trump Accounts

In June 2025, at an Invest America Council meeting, several business executives pledged capital for the Trump accounts initiative. Dell Technologies stated it would match the government's contributions for its employees, and Robinhood Markets offered to provide technology and capital. Nvidia also stated it would contribute to accounts managed by its employees.

July 2025: Trump Accounts Described as a "Back Door for Privatizing Social Security"

In July 2025, secretary of the treasury Scott Bessent described Trump accounts as a "back door for privatizing Social Security".

2025: Trump Accounts Authorized by OBBBA

In 2025, Trump accounts, which are stock market index investment accounts for U.S. citizen children, were initially authorized into law by the One Big Beautiful Bill Act (OBBBA).

2025: $1,000 Treasury Deposit for Children Born Between 2025 and 2028

In 2025, the U.S. Department of the Treasury will deposit $1,000 into investment accounts it sets up for American children born between Jan. 1, 2025 and Dec. 31, 2028.

2025: Government Deposits into Trump Accounts

In 2025, the U.S. government is expected to offer US$1,000 deposits into Trump accounts for U.S. citizen children born between 2025 and 2028.

July 4, 2026: Trump Accounts Available for Initial Deposits

On July 4, 2026, which is the 250th anniversary of the U.S. Declaration of Independence, Trump accounts will become available for initial deposits.

2028: Government Deposits into Trump Accounts

In 2028, the U.S. government is expected to offer US$1,000 deposits into Trump accounts for U.S. citizen children born between 2025 and 2028.

2028: Starting in 2028 contribution limits will begin being adjusted for inflation

Starting in 2028, the contribution limits will begin being adjusted for inflation.

2034: Estimated Cost of Trump Accounts by 2034

By 2034, the accounts are estimated to cost the United States Department of the Treasury US$15 billion, according to the Congressional Joint Committee on Taxation.