History of Trump account in Timeline

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

2014: Dell's Contribution to Trump Accounts

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

2024: Dell's Contribution to Trump Accounts

January 1, 2025: Dell's Donation Announcement

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: Inclusion in OBBBA First Draft

In May 2025, Trump accounts were included in the first draft of the OBBBA (One Big Beautiful Bill Act).

June 2025: Business Executives Pledge Capital

At an Invest America Council meeting in June 2025, several business executives, including Michael Dell of Dell Technologies and Nvidia chief executive Jensen Huang, pledged capital for the Trump accounts initiative; Robinhood Markets offered technology and capital.

July 2025: Description of Trump Accounts

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

2025: Treasury to Deposit Funds into Accounts

AP News reported that 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: Authorization of Trump Accounts

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

2025: Government and Private Funding for Trump Accounts

In 2025, the U.S. government and private donors will provide funds for deposit into Trump accounts for some children, including US$1,000 deposits offered by the federal government for U.S. citizen children born in 2025–2028.

April 2026: BNY Mellon Designated as Financial Agent

In April 2026, the US Treasury announced it designated BNY Mellon as a financial agent to manage initial accounts. The bank will also be partnering with Robinhood to develop a Trump accounts app and provide customer service.

July 4, 2026: Initial Deposits Available

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: Adjustments for inflation to begin

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

2028: Government and Private Funding for Trump Accounts

The U.S. government will offer US$1,000 deposits for U.S. citizen children born between 2025 and 2028 into Trump accounts.

2034: Estimated Cost by 2034

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