Washington, April 15 -- Rep. Adrian Smith issued the following press release:
Today, Congressman Adrian Smith (NE-03) led his colleagues in introducing the Trump Accounts for All Generations Act to permanently extend the Trump Accounts contribution pilot program, created by the Working Families Tax Cuts, which is set to expire at the end of 2028. Smith's legislation would ensure that every future American newborn can receive the $1,000 investment when opening a Trump Account while also indexing the $1,000 investment to inflation beginning in 2029.
The legislation is also co-led by U.S. Representatives Blake Moore (UT-01) and Brian Jack (GA-03).
"The Trump Account contribution pilot program opened the door for parents to provide their chi...