Former President Donald Trump has announced a new proposal that would provide every baby born in the United States between January 1, 2025, and December 31, 2028, with a $1,000 investment account funded by the government.

The plan was introduced on Monday, June 9, during an event where Trump spoke about how the program would work.

At a roundtable meeting with over a dozen top business leaders—including CEOs from Uber, Dell Technologies, and Goldman Sachs—Trump shared more details about what he’s calling “Trump accounts.”

He explained that every U.S. citizen born within the 2025–2028 window will get a one-time deposit of $1,000 from the federal government. This money will be placed in an account that is tied to the stock market, which means the funds can grow over time as the market performs.

The accounts will be managed by the child’s guardian, and families will be allowed to add up to $5,000 more each year if they choose.

Trump said the goal of this plan is to support families and give the next generation a financial head start by using the strength of the U.S. economy.