President Trump will welcome representatives from the NYSE and Nasdaq in the Oval Office on Monday to celebrate the launch of new investment accounts for children by his administration.
Trump’s public schedule for Monday includes a 9:30 a.m. Trump Accounts launch.
On July 4, the Treasury Department introduced the “Trump Accounts,” enabling contributions. Additionally, as of Saturday, a fully updated app for parents to fund their child’s account and access financial education modules is available, according to Treasury Secretary Scott Bessent.
Last week, National Economic Council Director Kevin Hassett announced that officials from the two stock exchanges will ring their opening bells live from the White House. The NYSE and Nasdaq will be open for trading from 9:30 a.m. to 4 p.m. EDT.
“We’re having a big opening bell ceremony next week, where the Nasdaq and the New York Stock Exchange are going to ring the bell from the Oval [Office] for the first time together,” Hassett stated. “And they’re doing that to celebrate the accounts, to make sure everybody knows it’s time to get an account for your kid.”
Trump Accounts, established under the One Big Beautiful Bill Act signed into law by Trump last year, will function as an IRA without incurring a gift tax.
“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,” Treasury noted in a release. “Until that functionality is available, all contributions will remain invested in the default fund.”
According to the Treasury Department, over 6 million families had registered for an account by Thursday.
The Treasury will also contribute $1,000 to the accounts of children born between Jan. 1, 2025, and Dec. 31, 2028.
By CEO NA Editorial Staff
