Donald Trump announced a new initiative offering **\$1,000 government-funded investment accounts for children born between **December 31, 2024, and January 1, 2029**.

These **“Trump accounts”** will track the stock market and allow yearly personal contributions of up to \$5,000. “These accounts will be private property controlled by the child’s guardians,” he said, calling it a **“pro-family initiative”**.

The plan depends on the approval of Trump’s **“big, beautiful bill”**, which includes tax cuts on tips and overtime, a **\$2,500 child tax credit**, and deductions on U.S.-made car loan interest. However, it also introduces controversial changes to **Medicaid, SNAP benefits**, and bans on gender-transition aid. Elon Musk criticized the bill, claiming it would undo his reforms at the Department of Government Efficiency.

Separately, Trump signed a **travel ban** targeting 12 countries including **Iran, Afghanistan, and Libya**, citing national security concerns after a recent attack in Colorado. He said the ban ensures entry is limited to those not “hostile toward our citizens or founding principles.”
Finally, Trump revealed plans to sell **\$5 million “Gold Card” visas** to wealthy migrants, saying: “You have a green card. This is a gold card.”