Nasdaq, NYSE to Ring Opening Bell at White House for Trump Accounts Launch

Kevin Hassett, director of the White House National Economic Council, announced Monday, June 29, that Nasdaq and the New York Stock Exchange will ring the opening bell together at the White House Oval Office for the first time, marking the official launch of Trump Accounts, a tax-deferred investment program for minors.

The Trump Accounts program, set to launch on July 4, provides deferred-tax investment accounts for U.S. citizens under 18. The federal government will deposit $1,000 as initial funding for each citizen born between 2025 and 2028 with a valid Social Security Number. Older children are also eligible to open accounts, and certain qualifying minors may receive an additional $250 contribution from Michael Dell and Susan Dell.