President Donald Trump has unveiled a new policy proposal that would grant every American child born between January 1, 2025, and December 31, 2028, a $1,000 investment account funded by the federal government.

Trump announced the initiative dubbed “Trump Accounts” on Monday, June 9, during a roundtable discussion at the White House with more than a dozen top executives from companies including Uber, Goldman Sachs, and Dell Technologies.

“For every U.S. citizen born after December 31, 2024, and before January 1, 2029, the federal government will make a one-time contribution of $1,000 into a tax-deferred account that tracks the overall stock market,” Trump said during the event.

The accounts will be managed by the child’s legal guardian and will allow for additional private contributions of up to $5,000 annually.

Trump described the measure as “a pro-family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation.”

📽️ Watch the announcement below: