Trump Accounts for All Generations Act

119th Congress Introduced by Randy Feenstra and 17 co-sponsors

Makes the Trump accounts contribution program permanent and adds inflation-adjusted annual contributions (base $1,000; COLA after 2028).

Introduced in House

Summary of Bill: H.R. 8313 – Trump Accounts for All Generations Act

Purpose and intent

The bill aims to permanently extend and enhance a program referred to as the “Trump accounts contribution pilot program.”

It seeks to make permanent a program previously treated as a pilot, with inflation-adjusted increases to the annual contribution amount.

Key provisions and changes

Permanent extension of the program (Section 2(a))

Repeals the sunset date language that limited the Trump accounts contribution pilot program to a specific time frame, effectively making the program permanent.

Inflation adjustment (Section 2(b))

Adds an inflation-adjustment mechanism to the annual contribution amount.
Specifically, the base amount is $1,000. For tax years beginning after 2028, the $1,000 would be increased by the annual cost-of-living adjustment (COLA) as calculated under the internal revenue code, using 2027 as the reference year for computing the adjustment.
If any inflation increase does not come out to a multiple of $100, the increase is rounded down to the nearest $100.

Conforming amendments (Section 2(c))

Replaces references to the term “pilot” throughout related code sections and cross-references, aligning with the bill’s intent to consolidate the program as permanent.
Removes remaining “pilot” terminology from headings and tables of sections that relate to the program and its tax treatment.

Effective date (Section 2(d))

The amendments apply to taxable years beginning after December 31, 2026.

Who or what is affected

Taxpayers participating in the Trump accounts contribution program will see the program become permanent, with a higher and inflation-adjusted annual contribution amount after 2028.

IRS/Tax code administration will implement the permanent status and inflation-adjustment rules, updating cross-references and headings in the Internal Revenue Code accordingly.

Procedural and timeline aspects

Introduction and referral

Introduced in the 119th Congress on April 15, 2026.
Referred to the House Committee on Ways and Means.

Implementation timeline

The inflation-adjusted changes apply to tax years beginning after December 31, 2026.
The base contribution amount starts at $1,000, with adjustments starting in 2029 for COLA as determined by the standard CPI-based method.

Notable sponsor context

The bill lists multiple co-sponsors, indicating bipartisan interest among several House members. This includes representatives from various states, suggesting some cross-cutting support for permanentizing the program and adjusting for inflation.

If you’d like, I can provide a plain-language example of how the annual contribution would scale with inflation in future years or compare this program to similar tax-advantaged saving mechanisms.