Trump’s new US passport plan targets kids’ citizenship: How it could impact Indian-Americans

Over 50 companies have pledged financial support for Trump Accounts, a new child investment program that offers eligible employees' children the chance to save and invest for the future. American Airlines is the latest major company to join, committing a one-time $1,000 contribution to their employees' children who qualify for the program. This matches the federal government's $1,000 seed contribution.

American Airlines, with approximately 140,000 employees worldwide, will offer eligible workers the option to contribute up to $2,500 annually, tax-free, towards their children's Trump Accounts. Starting in 2027, employees will be able to put pre-tax earnings into these accounts.

Other notable companies supporting Trump Accounts include Dell Technologies, which is providing $250 grants to eligible children's accounts. Dell Technologies CEO Michael Dell announced the first payments were already moving into Texas accounts during an event in Austin with Senator Ted Cruz.

The program, officially launched on July 4, offers federal seed money of $1,000 per eligible child. Families, employers, and other contributors can add up to $5,000 annually, bringing a potential total contribution well beyond the initial federal amount. Major companies like Goldman Sachs, Morgan Stanley, Micron Technology, SoFi, JPMorgan Chase, Visa, Comcast, and BlackRock are among the 50+ companies joining this growing list of corporate supporters.