To amend the Internal Revenue Code of 1986 to allow general contributions to Trump accounts for foster children.
Key claim: HR9920 would amend the Internal Revenue Code of 1986 to allow general contributions to Trump accounts for foster children.
Abstract
(HR9920 · 119th Congress) Latest action (2026-07-23): Referred to the House Committee on Ways and Means.
Why this matters
Trump accounts are a newly established tax-advantaged savings vehicle, and eligibility/contribution rules determine which children benefit from federal tax subsidies. Extending general contribution access to foster children would expand who can receive outside funding into these accounts, potentially narrowing a disparity between foster youth and children with more stable guardianship arrangements. The proposal is an incremental IRC amendment with no broader structural change to the underlying account regime.