I introduced the Trump Accounts for All Generations Act to ensure that every future generation of Americans can have a strong financial start in life
make the $1,000 Trump Account contribution permanent and index it to inflation starting in 2029
Occurrences
Learn how Trump Accounts, the Federal Scholarship Tax Credit, and other provisions will help today's kids from birth through retirement!
To amend the Internal Revenue Code of 1986 to make permanent the Trump accounts contribution pilot program, and for other purposes.
Evidence
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GovInfo lists H.R. 8313 as introduced in the House on April 15, 2026, with the action that Mr. Smith of Nebraska introduced the bill and it was referred to the Committee on Ways and Means. The short title is the Trump Accounts for All Generations Act, and the full title says it would amend the Internal Revenue Code to make permanent the Trump accounts contribution pilot program.
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Smith's office said on April 15, 2026 that he introduced the Trump Accounts for All Generations Act, which would make the $1,000 Trump Account contribution permanent and index the investment to inflation beginning in 2029.
legacy_unverified · Source version not recorded · locator unknown
The bill text amends section 6434 to strike 'and before January 1, 2029,' and adds an inflation adjustment for taxable years beginning after 2028, stating that the $1,000 amount shall be increased by the cost-of-living adjustment.
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IRS announced new online features for Trump Account elections and stated that the Treasury contribution remains a one-time $1,000 pilot program contribution for eligible children born from January 1, 2025, through December 31, 2028.
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Treasury announced launch of the Trump Accounts app, account activation before the July 4, 2026 launch, and said eligible children will begin receiving the $1,000 pilot program contribution from Treasury on July 4, 2026.
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IRS's current One, Big, Beautiful Bill provisions page says Public Law 119-21 created Trump Accounts, notes accounts cannot be funded before July 4, 2026, and describes the federal contribution as a one-time $1,000 contribution for each eligible child's account.
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The official Trump Accounts site says families can get $1,000 for every American child born between January 1, 2025, and December 31, 2028, and identifies the program launch date as July 4, 2026.
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Public Law 119-21, section 70204, created section 6434 as the Trump Accounts Contribution Pilot Program, set the amount at $1,000, and limited eligible children to those born after December 31, 2024, and before January 1, 2029.
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LegiScan's current federal bill listing shows HB8313 with status Intro 25%, the title to make permanent the Trump accounts contribution pilot program, and the last action on April 15, 2026 as referral to the House Ways and Means Committee.
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The IRS’s Trump Accounts section says accounts cannot be funded before July 4, 2026 and that the federal government will make a one-time $1,000 contribution for each eligible child’s account. The same page links to related IRS guidance describing Trump Accounts as a pilot program.
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Treasury said the Trump Accounts app launched and that account activation would begin ahead of the July 4, 2026 launch. It also said eligible children would begin receiving the $1,000 pilot program contribution starting July 4, 2026.
legacy_unverified · Source version not recorded · locator unknown
The official Trump Accounts site says families can get $1,000 for every American child born between January 1, 2025 and December 31, 2028, and describes the Treasury deposit as a one-time contribution in page image text.
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Treasury announced the nationwide launch of Trump Accounts and said the app was live for contributions and account management. It also said employer contributions may be available for children even if they are not eligible for the $1,000 from Treasury.
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Treasury reported that more than 5.5 million Trump Accounts had been opened, with 1.4 million eligible for the $1,000 pilot program contribution.
legacy_unverified · Source version not recorded · locator unknown
Public Law 119-21 created section 6434 as the Trump Accounts Contribution Pilot Program, set the payment amount at $1,000, and limited eligible children to those born after December 31, 2024, and before January 1, 2029.
legacy_unverified · Source version not recorded · locator unknown
Smith's office said he introduced the Trump Accounts for All Generations Act, which would make the $1,000 Trump Account contribution permanent and index the investment to inflation beginning in 2029.
legacy_unverified · Source version not recorded · locator unknown
GovInfo lists H.R. 8313 as introduced in the House on April 15, 2026, by Mr. Smith of Nebraska and referred to the Committee on Ways and Means; the title says it would amend the Internal Revenue Code to make permanent the Trump accounts contribution pilot program.
legacy_unverified · Source version not recorded · locator unknown
IRS Bulletin 2026-37 still describes section 6434 as the Trump accounts contribution pilot program, with Treasury paying $1,000 only for eligible children born in 2025, 2026, 2027, or 2028. The new guidance concerns employer contributions and safe harbors, not a permanent, inflation-indexed federal contribution beginning in 2029.
legacy_unverified · Source version not recorded · locator unknown
The current IRS Trump Accounts page says the account features a $1,000 pilot program contribution for children born between January 1, 2025, and December 31, 2028. It does not describe a permanent Treasury contribution or inflation indexing after 2028.
Assessments
The promised outcome was to make the $1,000 Trump Account contribution permanent and index it to inflation beginning in 2029. Smith introduced H.R. 8313 in the 119th Congress to do that, and the bill text matches the substance of the promise, but it has only been introduced and referred to Ways and Means, not enacted. Current controlling law and IRS/Treasury implementation still describe the benefit as a one-time pilot contribution for eligible children born from 2025 through 2028, with no permanent or inflation-indexed contribution after 2028. This is a serious legislative attempt but not fulfillment.
The promised policy has not been enacted. Smith introduced H.R. 8313 in April 2026 to make the Trump Accounts $1,000 contribution permanent and add inflation indexing after 2028, which closely matches the promise and qualifies as a serious legislative attempt. However, the bill remained introduced and referred to committee, while current law and implementation materials still describe the contribution as a one-time pilot limited to children born from 2025 through 2028, with no permanent or inflation-indexed contribution beginning in 2029.
Smith did materially advance the idea by introducing H.R. 8313 with text that would make the $1,000 Trump Account contribution permanent and add inflation indexing after 2028, but the bill was only introduced and referred to committee. The enacted law and current IRS/Treasury implementation still describe Trump Accounts as a one-time $1,000 pilot contribution for a limited 2025-2028 eligibility window, so the promised outcome was not delivered.
Smith introduced H.R. 8313 in the 119th Congress, and the bill text matched the promise by making the $1,000 Trump Account contribution permanent and adding inflation indexing after 2028. However, the evidence shows the bill remained introduced and referred to committee, while the enacted and implemented program still operates as a one-time $1,000 pilot for eligible children born from January 1, 2025, through December 31, 2028. Because the promised permanent, indexed contribution has not been enacted, this is not delivered, but Smith receives an effort badge for a serious legislative attempt.
Smith introduced H.R. 8313 in the 119th Congress to make the $1,000 Trump Account contribution permanent and add inflation indexing beginning after 2028. The bill text matches the promised policy, and Smith gets candidate credit for sponsoring it. However, the evidence shows only introduction and referral to Ways and Means, not enactment or implementation, so the promised outcome has not yet been fulfilled.