The White House is getting ready to launch a new program designed to help the next generation of Americans build wealth early—with the support of some of the country’s most well-known business leaders. On Monday, President Donald Trump met with a group of top CEOs at the White House to talk about part of his big and controversial spending plan: giving $1,000 to every American baby in a special investment account.
This idea is part of Trump’s major proposal called the “One Big Beautiful Bill.” The bill has already been approved by the House of Representatives but is facing some resistance in the Senate. One reason for the pushback is criticism from billionaire Elon Musk, who has spoken out against it.
Some of the major CEOs who joined the roundtable include Michael Dell (Dell Technologies), Dara Khosrowshahi (Uber), and David Solomon (Goldman Sachs). A White House official told Business Insider that these CEOs are expected to promise billions of dollars to support what the White House is calling “Trump Accounts” for the future children of their employees.
Michael Dell confirmed that his company plans to match the government’s $1,000 contribution for every child born to a Dell employee. However, other companies did not clearly say how much they plan to invest or when. They either didn’t reply to Business Insider or chose not to share exact figures.
Dell said the accounts could grow over time into large savings, which could help young people with big goals such as going to college, buying a home, or starting a family.
Other big business leaders at the event included Vladimir Tenev (Robinhood), Parker Harris (Salesforce), and Brad Gerstner (Altimeter). Capital), Rene Haas (Arm Holdings), and William McDermott (ServiceNow).
President Trump spoke at the start of the meeting and called the plan a “pro-family” initiative. He said it would give millions of young Americans a strong financial start in life and help them benefit from the country’s growing economy.
If the bill becomes law, the plan would give $1,000 to every baby born in the U.S. between January 1, 2025, and December 31, 2028. The money would be invested in a stock market index fund. The child’s parents or guardians would manage the account and could add up to $5,000 per year. The child would get full access to the money when they turned 18 years old.
White House press secretary Karoline Leavitt said the plan would “help set young Americans on the right financial path.”
Many CEOs at the event supported the idea and said the program would teach children about saving and investing from a young age. David Solomon, the CEO of Goldman Sachs, said the future of the American economy depends on young people understanding how to invest wisely.
Vladimir Tenev, the Robinhood CEO, added that the U.S. stock market is one of the greatest tools for building wealth. He also shared that, as an immigrant, he has seen the many opportunities that come with being part of the American financial system.
A spokesperson from ServiceNow said, “This is more than just a policy—it’s about building a future where more Americans can succeed, grow, and create better lives for themselves.”
This newborn investment initiative also shows how closely the Trump administration is working with the private sector. In addition to this financial support from big companies, the administration has also secured hundreds of millions of dollars in free legal work from top law firms to support government-backed causes.
