News about Trump Accounts

Elon Musk said he plans to give every U.S. child a share of SpaceX next year, and Altimeter Capital CEO Brad Gerstner said the stock donations would come via Trump Accounts. Gerstner said Musk's $10.5 billion donation is just the beginning, that he has spoken with “every major tech CEO and founder,” and that he aims to raise $100 billion over the next 12 months. Treasury's temporary rules issued at the end of September let Trump Accounts hold donated individual stocks, not just diversified index funds. Expanding eligibility to U.S. citizens under 40 would require Congress to change the law, and it is unclear whether the proposal has enough legislative backing to pass.