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.
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