A Trump account (also known as a 530A account) is a new stock market investment account for U.S. citizen children, created by the 2025 One Big Beautiful Bill Act and becoming available on July 4, 2026. According to the IRS (which released its planned regulations in December 2025), these accounts function like an IRA: funds cannot be withdrawn until the child turns 18, after which they are treated as a traditional IRA with tax-deferred growth. To fund them, the federal government will deposit $1,000 for children born in 2025–2028, while Michael and Susan Dell (Dell Technologies CEO and his wife) will deposit $250 for up to 25 million children in lower-income ZIP codes born 2014–2024. The U.S. Treasury has designated BNY as the financial agent, partnering with Robinhood to build an app and provide customer service. Conceived by Senator Ted Cruz and originally called "Invest America" and "MAGA accounts," they were renamed "Trump accounts" at the last minute by House Republicans—a name that may dissuade some families. The plan parallels Cory Booker's baby bonds, but relies on private management and equity investments, offering fewer tax benefits than 529s or 401(k)s.