Treasury Secretary Scott Bessent said Thursday that the Trump Accounts app is now live to provide seed investments for newborn children.
The program represents a significant push by the administration to establish early financial assets for citizens. President Donald Trump has promoted the initiative as an economic win for the country ahead of the midterm elections.
Bessent led the press briefing in the White House briefing room in Washington, D.C., at 2 p.m. [2]. He stood in for press secretary Karoline Leavitt, who is currently on maternity leave. The briefing focused on the technical rollout of the application and the accessibility of the funds for eligible families.
Under the terms of the program, the government provides a $1,000 seed investment [1] for newborns whose parents open an account through the official app. The administration intends for these accounts to serve as a foundational financial tool for children as they grow.
While the primary objective is the expansion of newborn investment accounts, the timing of the launch aligns with the administration's broader economic agenda. The White House is positioning the Trump Accounts as a tangible benefit for young families across the U.S. to demonstrate the impact of its fiscal policies.
Bessent said the app is now available for parents to begin the registration process. The Treasury Department will manage the distribution of the funds, and the oversight of the account structures, to ensure the seed money is properly allocated to the newborns.
“The program provides a $1,000 seed investment for newborn children.”
The launch of Trump Accounts marks a shift toward direct-to-citizen investment programs administered via mobile technology. By providing a guaranteed sum at birth, the administration is attempting to create a long-term political and economic tie between the state and young families, while utilizing the app's rollout to signal technological modernization within the Treasury Department.
