Trump Accounts for All Generations Act

This bill would change the federal tax code so that the Trump accounts contribution program, currently a pilot program, becomes permanent. Right now the law limits the program to a period ending before January 1, 2029; the bill removes that end date. Starting with tax years that begin after 2028, the $1,000 amount set in the law would be adjusted each year for inflation, rounded down to the nearest $100. The bill also removes the word "pilot" from the program's name in the tax code, and its changes would apply to tax years beginning after December 31, 2026.

Full text and official record on Congress.gov

Sponsors

• Adrian Smith Republican sponsor
• 22 cosponsors