Foster Youth Investment Act

This bill changes the federal tax code rules for "general contributions" to Trump accounts, which are tax-advantaged savings accounts for children. It adds a new group of children who can receive these contributions: those under age 18 who are an eligible foster child of a taxpayer or who are in the custody, supervision, or guardianship of a state or tribal government. It also allows contributors to target combinations of the eligible groups, as long as every child in the group is under 18. The changes would apply to contributions made after December 31, 2025.

Full text and official record on Congress.gov

Sponsors

• Blake D. Moore Republican sponsor
• 0 cosponsors