Congress may soon deliver a little bundle of joy to expecting parents and parents-to-be. The House-passed “One Big, Beautiful Bill Act” contains the seed of a new federal investment program that may blossom into opportunity and financial security for millions of American children in the future. Fiscal conservatives have reasons to get on board.

President Trump has formally introduced his plan for the federal government to fund $1,000 in investment accounts for every child born over the next four years. The cash would be deposited into a private custodial account and grow tax-free until he or she reaches adulthood.

Parents, churches, charities and employers can also contribute up to $5,000 a year to the account. At age 18, the young adult gains access to half of the funds to be used for college or skills training, to start a business, or even for a down payment on a home.

Trump Accounts are a marked improvement from the baby bonuses floated last year. Most fundamentally, Trump Accounts reflect a shift in the purpose and outcomes of family-supporting policies. The downstream effects will be minor on the budget but major for the economy and society, such that these accounts should earn broad conservative support.

This plan promotes saving as a virtue that every American can adopt from........

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