Several lawmakers and major financial industry leaders shared support for a provision in the Republican-backed “big, beautiful bill” which would award newborns an investment account at birth.

The provision would allow all newborn American babies to receive a one-time “Trump Account” investment of $1,000 from the federal government. A child’s guardian could then contribute up to $5,000 yearly to the account, allowing the money to compound throughout the child’s life.

Several major finance leaders cheered the provision as a major win for future generations of Americans.

“This initiative gets at the core of binding those future generations to the benefits and the potential of America’s great companies and markets,” Goldman Sachs CEO David Solomon said. “Early childhood investments have far-reaching benefits, and Goldman Sachs is proud to support his initiative.”... Read More: TNND