The executive are slated to make the commitments during President Donald Trump’s roundtable event touting the eponymous pilot program, which would deposit $1,000 from the government in investment accounts for newborn Americans. NBC News first reported the details of the event.
More than half a dozen corporate leaders were on the list for the “Invest America” roundtable at the White House. They include:
The provision to create the accounts passed the House last month as part of the massive budget bill that the president is pushing Republicans to send to his desk before the Fourth of July. The bill is pending before the Senate, where it faces strong pushback from some fiscally conservative Republicans who are demanding major changes.
House Speaker Mike Johnson, R-La., and House Ways and Means Committee Chairman Jason Smith, R-Mo., were seated alongside Trump and the CEOs at the event Monday afternoon.
The program — previously referred to as “Money Accounts for Growth and Advancement” or “MAGA Accounts” — would seed index fund accounts with $1,000 in government funds for U.S. citizens born between Jan. 1, 2025, and Dec. 31, 2028.
The pilot program is similar to other savings account options that already exist, including 529 college savings plans, which have higher contribution limits. Some financial advisors say that the Trump accounts may not offer the best investment incentives.
“The passage of the One Big Beautiful Bill will literally change the lives of working, middle class families across America by delivering the largest tax cuts in history, increasing the child tax credit, and by creating this incredible new ‘Trump Account’ program, which will put the lives of young Americans on the right financial path!” White House press secretary Karoline Leavitt told CNBC in a statement.
This is developing news. Please check back for updates.
— CNBC’s Megan Cassella and Jessica Dickler and NBC News’ Garrett Haake contributed to this report.
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