Cruz Proposes Bill to Create Government-Funded Savings Accounts for U.S. Children
- U.S. Senator Ted Cruz introduced the Invest America Act on May 13, 2025, to create taxpayer-funded savings accounts for American children at birth.
- Cruz filed this bill after proposing multiple savings-related bills earlier in May 2025, including the Universal Savings Account Act for family savings without penalties.
- The Act establishes private tax-advantaged accounts seeded with $1,000 from the federal government, allowing contributions up to $5,000 annually for investments tracking the S&P 500.
- According to the bill, funds grow tax-deferred until age 18, with distributions thereafter taxed at capital gains rates, and Cruz stated the Act will trigger fundamental changes in financial security.
- The Act aims to improve financial stability for Americans facing rising debt and low savings by fostering long-term wealth accumulation and expanding economic participation.
27 Articles
27 Articles
Ted Cruz wants Uncle Sam to give each American baby $1,000
Sen. Ted Cruz, R-Tx., has introduced a proposal for the federal government to provide $1,000 in an account for every American child.The "Invest America Act" would create "a private tax-advantaged account with a $1,000 seed investment from the federal government for every American child at birth," according to a press release. People would also be able to add funds to the account.CHINA WINNING AI RACE WOULD BE ‘CATASTROPHIC,’ SAYS TED CRUZ AFTER …
$1,000 For Every U.S. Newborn: Texas Sen. Cruz's "Invest America Act" Gains Momentum
U.S. Senator Ted Cruz (R-Texas) introduced the “Invest America Act” on Monday, a proposal to bolster the financial futures of American children. The legislation centers on establishing private, tax-advantaged investment accounts for every newborn, seeded with a $1,000 contribution from the federal government. The bill received a significant boost as the U.S. House of Representatives […] $1,000 For Every U.S. Newborn: Texas Sen. Cruz’s “Invest Am…
Sen. Ted Cruz on Invest America Act: Allows kids to climb the economic ladder much faster
Senate Commerce Committee Chairman Sen. Ted Cruz (R-Texas) and Altimeter Capital founder and CEO Brad Gerstner join 'Squawk Box' to discuss the 'Invest America' act, establishing a universal savings account for every American at birth, what the purpose of the bill is, and more.
Ted Cruz wants Uncle Sam to give each American baby $1,000 – Your Capital Minds
Sen. Ted Cruz, R-Tx., has introduced a proposal for the federal government to provide $1,000 in an account for every American child. The ‘Invest America Act’ would create ‘a private tax-advantaged account with a $1,000 seed investment from the federal government for every American child at birth,’ according to a press release. People would also be able to add funds to the account. ‘Each Invest America account will be open to contributions from …
Sen. Cruz Introduces the Invest America Act - The Iowa Standard
U.S. Sen. Ted Cruz (R-Texas) on Monday introduced the Invest America Act. The bill establishes a private tax-advantaged account with a $1,000 seed investment from the federal government for every American child at birth. Meanwhile, the bill made a major advance when the U.S. House of Representatives today released a version of Senator Cruz’s bill in the House Ways and Means Committee budget package. Sen. Cruz said, “The Invest America Act will t…
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