Trump and allies float ideas for expanding Trump Accounts to adults

President Trump and his allies have floated a series of ideas for another round of changes to Trump Accounts, potentially making them available to adults.

"We're looking at something as an alternative," Trump said on Tuesday when asked if the accounts could be expanded. He suggested there could be a parallel program "because it really is somewhat of a different thing, having to do with adults."

Brad Gerstner, CEO of Altimeter Capital and an early advocate of Trump Accounts, told the New York Post he was looking to expand Trump Accounts directly to make them accessible to anyone under 40.

He suggested Congress could take up the issue within months, an idea immediately picked up on Capitol Hill by Sen. Bernie Moreno, an Ohio Republican and Trump ally.

Moreno said he would lead the effort in the Senate and added that raising the age limit for the accounts would "give hardworking Americans powerful new tools to buy homes, wipe out student debt, and invest in their own futures."

Gerstner responded with a simple message: "DM me Bernie."

This lively back-and-forth comes as the shape of an expansion — or the prospects of passage if Democrats take control of either the US House or Senate in the coming elections — remains unclear. Still, many in Trump's orbit are emphasizing how central the accounts have become to the Trump administration's agenda and its final midterm message to voters.

Trump on Tuesday called the accounts "one of the most successful things people have seen ever in government."

Shifting rules and more high-dollar donors

The accounts were created last year as part of the Republicans' One Big Beautiful Bill Act to give parents a vehicle to save for their children.

The Treasury Department provided $1,000 in seed money for US citizens born between 2025 and 2028, invested in broad index funds.

Yet the Trump administration took a series of unilateral actions in recent weeks, including the auto-enrollment of more than 60 million additional children and the initiation of a plan allowing publicly traded companies to donate stock to accounts that would be held for at least five years.

Critics say that rule change could tie a child's long-term financial security to a single company rather than the broader economy, and they've raised ethical concerns that wealthy donors could use multibillion-dollar stock dumps into kids' portfolios to manipulate asset prices or secure tax write-offs.

Elon Musk this week became the highest-profile private donor, pledging to give one share of SpaceX (SPCX) stock to every child in America via the accounts.