Account

The Actual News

Just the Facts, from multiple news sources.

Bessent says Trump Accounts app coming Thursday

Bessent says Trump Accounts app coming Thursday

Summary

Treasury Secretary Scott Bessent announced that the Trump Accounts app will launch on all major platforms on July 4. The app supports a new program that gives $1,000 to every newborn if their parents open an account, which is then invested for the child until they turn 18.

Key Facts

  • The Trump Accounts app will be available starting July 4.
  • The app will work on all major platforms, like smartphones and computers.
  • The program gives $1,000 to every newborn when parents open an account.
  • The money is invested in the stock market by private companies.
  • Children can access their money when they turn 18 years old.
  • Nearly 6 million children have already been signed up for the accounts.
  • The program is part of President Trump’s tax legislation.
  • Treasury Secretary Scott Bessent described the program as a symbol of the nation’s 250th anniversary.
Read the Full Article

This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.