New Delhi, Dec. 17 -- US Treasury Secretary Scott Bessent has unveiled a new website outlining details of Trump Accounts, a proposed pro-family financial initiative aimed at building long-term wealth for American children through government-backed, tax-advantaged investment accounts.

The programme, set to launch on July 4, 2026, is designed for US citizens under the age of 18 and promises a government-funded head start on savings and investment.

Under the plan, every American child born between January 1, 2025, and December 31, 2028, would receive $1,000 from the US Treasury deposited into a Trump Account at birth. No initial contribution from parents is required.

"These accounts are about building a financial foundation right from the...