Sponsors (21)
Official title: To amend the Internal Revenue Code of 1986 to make permanent the Trump accounts contribution pilot program, and for other purposes.
Introduced April 15, 2026 by Adrian Smith · Last progress April 15, 2026
The bill guarantees ongoing, inflation‑protected $1,000 payments to eligible account holders, improving recipient purchasing power, at the cost of higher and potentially more uncertain long‑term federal spending that may pressure deficits or other priorities.
Taxpayers with eligible accounts will receive a $1,000 payment permanently rather than having it expire in 2029, ensuring continued direct payments to those account holders.
Taxpayers (particularly lower‑income recipients) will see the $1,000 payment adjusted for inflation for taxable years after 2028, preserving its purchasing power over time.
Taxpayers (via the federal budget) face higher long‑term costs because making the payment permanent and inflation‑indexing it increases Treasury outlays, which could raise deficits or crowd out other spending priorities.
Taxpayers may face greater fiscal exposure because the chosen indexing method (a substitution base year) can produce larger future adjustments than originally projected, increasing uncertainty about long‑term costs.
Based on analysis of 2 sections of legislative text.
Permanently extends the Trump accounts contribution, indexes the $1,000 payment for inflation beginning after 2028, and removes "pilot" labeling.
Makes the existing "Trump accounts" contribution program permanent, removes the prior 2029 pilot cutoff, and indexes the $1,000 payment for inflation beginning after 2028. Changes rename program language to remove the word "pilot" and take effect for taxable years beginning after December 31, 2026. The bill only amends the Internal Revenue Code provision that created the contribution payments: it does not create new administrative programs, authorize additional agencies, or include separate appropriations or mandates for states or local governments.