June 29 - The Nasdaq and the New York Stock Exchange are scheduled to ring the opening bell together from the Oval Office next week as part of the public launch of Trump Accounts, White House economic adviser Kevin Hassett said on Monday.
In an interview with CNBC, Hassett described the event as a high-profile promotional moment for the new program. "Were having a big opening bell ceremony next week. Theyre doing that to celebrate the accounts to make sure everybody knows its time to get an account for your kid, even if its not born this year," he said.
The initiative was unveiled earlier this year by U.S. President Donald Trump. It establishes a tax-deferred investment vehicle targeted at U.S. citizens under age 18 and is slated to be officially launched on July 4.
Under the structure described by the administration, the U.S. Treasury will place $1,000 as seed capital into an investment account for every child who has a valid Social Security number and who is born between 2025 and 2028.
The announcement situates the two major U.S. exchanges at the center of a ceremonial kickoff for a federal savings program aimed at minors. The exchanges did not immediately respond to requests for comment on the planned Oval Office bell ceremony or related logistics.
Context and outreach
The planned joint bell ceremony appears intended as a public awareness effort to encourage families to open the newly created accounts. Hassetts comments to CNBC framed the event as both a celebration and a prompt to action for parents and guardians.
What is confirmed in public statements
- President Trump introduced Trump Accounts earlier this year as a tax-deferred investment vehicle for children.
- Officials have scheduled the programs official launch for July 4.
- The Treasury will deposit $1,000 into an account for each child with a valid Social Security number born between 2025 and 2028.
- Hassett announced a combined Nasdaq-NYSE opening bell ceremony to promote account sign-ups.
Available public remarks and statements reported to date provide specific details on the deposit amount, the eligible birth years, the July 4 launch date and the planned ceremonial event, but offer limited information on operational mechanics beyond those points.