Exactly a year from today, on the country’s 250th birthday, July 4, 2026, every American child will receive a $1,000 investment account at birth funded by the federal government.
US Congress Passes Invest America Act
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
Thanks to the Invest America Act which was passed by Congress earlier today. The act was introduced by Texas Republican Senator Ted Cruz, and in addition to the original $1,000 federal contribution, it allows for contributions from family, friends, and businesses of up to $5,000 into each child’s account. “The account investments can be placed in a broad, low-cost fund that tracks the S&P 500, growing tax-deferred until the individual reaches age eighteen,” an explanation on Cruz’s website states. “Distributions after age 18 would be taxed at the capital gains rate.”
About the author
WRITTEN BYBitcoin.com News DeskEditorial Desk Reporter
The Bitcoin.com News Desk publishes timely reporting on market developments, protocol updates, regulatory changes, and industry announcements across the cryptocurrency sector.
