Remarks by Treasury Secretary Scott Bessent at The Trump Accounts for Foster Youth Event

Please join me in thanking the First Lady for those thoughtful remarks.Fostering the Future is the latest expression of her longstanding work on behalf of America’s children. And we at Treasury are grateful that Mrs. Trump has given generously of her leadership to the most important benefit for young people since the GI Bill.Through the leadership of First Lady Melania Trump and her Fostering the Future initiative, children and youth in foster care now have a pathway to benefit from Trump Accounts. Within the foster care community, these “Fostering the Future Accounts,” powered by Trump Accounts, will advance Mrs. Trump’s commitment to helping youth in foster care build a stronger future.Of course, Trump Accounts are a historic new savings tool to democratize the benefits of private ownership and compound growth.