releases: https://fedorchak.house.gov/media/press-releases/second-trump-accounts-sign-event-be-held-fargo
Data license: MIT · Data source: dwillis/congress-press
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| url | title | date | year | month | party | chamber | state | member_name | bioguide_id | domain | scraper | source | date_source | text | has_text | collected_at | updated_at |
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| https://fedorchak.house.gov/media/press-releases/second-trump-accounts-sign-event-be-held-fargo | Second Trump Accounts Sign Up event to be held in Fargo | 2026-05-20 | 2026 | 2026-05 | Republican | House | ND | Julie Fedorchak | F000482 | fedorchak.house.gov | fedorchak | https://fedorchak.house.gov/media/press-releases | scraper | “Our first event in Bismarck was very positive,” Fedorchak said. “We received feedback from parents and grandparents who are excited about investing in the next generation and helping their kids build toward the American Dream from day one. I’m looking forward to continuing these conversations in Fargo and help even more North Dakota children jumpstart their savings. Parents, grandparents, and anyone interested in learning more are invited to attend.” Image 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 help break down key concepts like the time value of money and share practical tips for building long-term savings for children. 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 | 2026-06-10T06:36:00Z | 2026-06-10T06:37:32Z |