White House Expands Trump Accounts to Children in Foster Care

‘For the first time, children in foster care will have access to a dedicated savings and investment vehicle,’ the first lady said.

U.S. First Lady Melania Trump arrives in the White House Cross Hall in Washington on April 9, 2026. Mandel Ngan/AFP via Getty Images

A new savings and investment account will be available for children in foster care, the Trump administration unveiled on June 11.

First lady Melania Trump and Treasury Secretary Scott Bessent, on June 11, introduced Fostering the Future Accounts, expanding the Trump Accounts framework to give each newborn a $1,000 tax‑deferred investment start.