The Treasury Department moved Thursday to bar environmental, social and governance (ESG) funds from Trump Accounts, a new investment vehicle for children that President Trump says will build financial security without political bias. The rule also mandates low‑fee, diversified options that keep more money in families’ pockets.
White House Unveils Trump Accounts Mobile App Ahead of July 4 Rollout
Treasury Secretary Scott Bessent told FOX Business the ESG ban will shield investors from ideological investing. He said the restriction protects families and keeps the focus on cost, diversification and long‑term performance.
The Treasury also issued eligibility criteria that require any index used in the accounts to track a broad U.S. or global equity market using objective financial metrics. Officials say the framework gives families clear, transparent choices that emphasize low fees, diversification and lasting growth.
What Are the Investment Options for Trump Accounts?
The Trump Accounts mobile app, launched July 4, now offers eight exclusive financial‑literacy modules to help young savers get started. Enrollment has surged past 7 million families in just over a month, according to a Treasury spokeswoman.
More than 2 million enrollees qualify for a $1,000 federal seed fund under the One Big Beautiful Bill Act for children born between 2025 and 2028, while others can open accounts without the grant. The program permits accounts for anyone under 18, though only the 2025‑2028 birth window receives the government contribution.
Michael Dell Celebrates America’s 250th Birthday with Gift to Seed the American Dream for Millions of Kids
Billionaire Michael Dell and his wife Susan pledged $6.25 billion to fund $250 initial deposits for every child under 10, bolstering the account’s seed pool. The Treasury spokeswoman noted that total contributions — including individual investors and pilot program funds — exceed $1.5 billion since launch, excluding the Dell donation.
