President Trump has lauded the House-approved spending bill for the “pro-family initiative” tucked inside the legislation, which creates investment accounts for newborn babies.

"They’ll really be getting a big jump on life, especially if we get a little bit lucky with some of the numbers and the economy," Trump said at a Monday event at the White House that touted the accounts.

The "Big, Beautiful Bill" lays out rules for the Trump accounts. To qualify, a child must be a U.S. citizen, born within the next four years to at least one parent with a Social Security number. The money could be withdrawn starting at age 18.

Here’s what you need to know about the proposed federal program:

Account basics

Under the current bill text, the program would be available to families of all income levels, with babies born after Dec. 31, 2024, and before Jan. 1, 2029.

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