President Donald Trump signed into law the Invest America Act, also known as the 'One Big Beautiful Bill' (OBBB), which establishes $1,000 government-funded investment accounts for every American child born between January 1, 2025, and December 31, 2028. These accounts, often referred to as 'Trump Accounts' or 'baby bonds,' are seeded with an initial $1,000 contribution invested in the S&P 500 index and are designed to encourage long-term wealth building through compound growth. Families and friends can contribute up to $5,000 annually to these tax-deferred accounts until the child turns 18. Treasury officials project that if fully funded and left untouched, these accounts could grow to approximately $1.9 million by the age of 28. The program aims to provide a financial head start and promote investment education among the next generation. However, U.S. Treasury Secretary Scott Bessent criticized the initiative, describing it as a 'backdoor for privatizing Social Security,' comments he later clarified by emphasizing Democratic opposition to the program. Financial planners have noted that parents might find other existing investment vehicles more advantageous. The accounts will go live on July 4, 2026, coinciding with the United States' 250th birthday.