NewsNBC Miami PoliticsJune 12, 2026Miami-Dade
Melania Trump Announces 'Fostering the Future' Investment Accounts for Foster Children
First Lady Melania Trump and Treasury Secretary Scott Bessent have launched 'Fostering the Future Accounts,' a program allowing child welfare agencies to open investment accounts for children in foster care. The initiative, which begins accepting contributions on July 4, provides a $1,000 seed deposit for eligible children born between 2025 and 2028.
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This program changes how foster children can access long-term investment vehicles by authorizing state agencies to act as guardians for the purpose of opening and managing these accounts.
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