Trump to host Oval Office opening bell ceremony for launch of “Trump Accounts” for children

President Donald Trump will host officials from the New York Stock Exchange and Nasdaq in the Oval Office next Monday for an opening bell ceremony to mark the rollout of the administration’s “Trump Accounts” for children, according to multiple reports. The event is scheduled as the Treasury Department rolled out the accounts on July 4 and as the administration highlights participation from major market venues.

The Treasury Department launched the “Trump Accounts” on July 4, with the accounts opened for contributions, The Hill reported. The same reporting said Treasury Secretary Scott Bessent told CNBC that an app for parents to fund a child’s account and access financial education modules was fully updated as of Saturday.

National Economic Council Director Kevin Hassett said officials from both stock exchanges would ring their opening bells from the White House, according to CNBC, with Hassett telling the network that the joint ceremony would be the first time the two exchanges rang the opening bell together from the Oval Office. Hassett described the event as a way to draw attention to the accounts and encourage families to create one for their child.

Under the terms described in The Hill report, Trump Accounts are designed to operate as an individual retirement account (IRA) without a gift tax, and the accounts can receive up to $5,000 annually from family members, friends, and other adults. The reported limit is set to increase with inflation starting in 2028, and the Treasury will contribute $1,000 to accounts of children born from Jan. 1, 2025, through Dec. 31, 2028, the report said.

The Hill reported that as of Thursday more than 6 million families had signed up to create an account, citing the Treasury Department. The account structure and the contribution cap were central to the program’s rollout timing, which began after the July 4 launch and the subsequent app update for parents.

Separately, reporting earlier this week said trading hours for the markets are 9:30 a.m. to 4 p.m. EDT on both the New York Stock Exchange and Nasdaq. The exchange participation is intended to connect the accounts’ debut to a high-profile market moment, including the ceremonial opening bell activity coordinated from the White House.

While the administration has framed the program as a way for families to establish child-focused retirement-style savings, the details of eligibility, contribution processing, and education modules are determined by Treasury’s program rules and the implementation of the parent-facing app. The next step for families is completing the account creation process under the Treasury Department’s requirements after signing up through the program’s online system, as described by the reporting.