releases: https://fedorchak.house.gov/media/press-releases/fedorchak-launches-statewide-trump-accounts-sign-series-empower-parents-and
Data license: MIT · Data source: dwillis/congress-press
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| https://fedorchak.house.gov/media/press-releases/fedorchak-launches-statewide-trump-accounts-sign-series-empower-parents-and | Fedorchak launches statewide Trump Accounts Sign-up Series to empower parents and invest in the next generation of North Dakotans | 2026-05-06 | 2026 | 2026-05 | Republican | House | ND | Julie Fedorchak | F000482 | fedorchak.house.gov | fedorchak | https://fedorchak.house.gov/media/press-releases | scraper | The series will kick off on Monday, May 11, in Bismarck, with a Mother’s Day coffee and pastries event from 10:00–11:00 AM CT. Due to room capacity, attendance will be limited to the first 50 individuals who RSVP. Additional event details will be shared directly with those who RSVP to attend. The series will continue throughout the summer, with events in communities across the state. At each location, Fedorchak will share the background of the Trump Accounts, explain how they work, and provide step-by-step guidance on how to enroll. A local financial advisor will also help break down key concepts like the time value of money and share practical tips for building long-term savings for children. Parents, grandparents, and anyone interested in learning more about the program are encouraged to attend. Trump Accounts are tax-deferred savings accounts created for children under the age of 18, designed to grow over time through investment earnings and provide a meaningful financial head start into adulthood. Every child born between January 1, 2025, and December 31, 2028, will begin with a one-time $1,000 government-funded seed contribution, creating an early opportunity to build wealth from birth. Families, grandparents, and even employers can continue building on that initial investment, with up to $5,000 in annual contributions allowed. Employers are also able to contribute up to $2,500 per year per employee without that amount counting as taxable income. Contributions may also come from extended family members, friends, charitable organizations, and even state or local programs—making it easier for communities to invest in the next generation together. Funds in Trump Accounts are invested in a broad stock market index and remain private property under the control of a parent or guardian until the child turns 18. As the account grows, it is designed to function similarly to a traditional IRA when the child reaches adulthood—encouraging long-term saving, investment in America, and financial independence. Families can begin the process of opening an account by filing IRS Form 4547 to establish a Trump Account for an eligible child and to elect the $1,000 Treasury seed contribution. The form can be submitted at any time, including alongside a 2025 tax return. Beginning in May 2026, the U.S. Treasury—or its designated agent—will follow up with instructions to authenticate and activate the account. Later in 2026, families will also be able to complete this process online through a dedicated portal, making enrollment even more accessible. | 1 | 2026-06-04T06:38:12Z | 2026-06-04T06:39:44Z |