Cruz Proposes Bill to Create Government-Funded Savings Accounts for U.S. Children
- U.S. Senator Ted Cruz introduced the Invest America Act on May 13, 2025, to create taxpayer-funded savings accounts for American children at birth.
- Cruz filed this bill after proposing multiple savings-related bills earlier in May 2025, including the Universal Savings Account Act for family savings without penalties.
- The Act establishes private tax-advantaged accounts seeded with $1,000 from the federal government, allowing contributions up to $5,000 annually for investments tracking the S&P 500.
- According to the bill, funds grow tax-deferred until age 18, with distributions thereafter taxed at capital gains rates, and Cruz stated the Act will trigger fundamental changes in financial security.
- The Act aims to improve financial stability for Americans facing rising debt and low savings by fostering long-term wealth accumulation and expanding economic participation.
41 Articles
41 Articles


Ted Cruz: Investment accounts for newborns would make them into future capitalists
U.S. Sen. Ted Cruz, R-Texas, unveiled legislation that would create investment funds for American babies, seeded with $1,000 from the federal government.
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Back in 2014, President Obama proposed a program called MyRA. It was meant to help working Americans—especially those without access to a 401(k)—save for retirement. It was safe, backed by the Treasury, and structured like a Roth IRA. But it never really took off. Only about 30,000 people signed up before the program was shut down in 2017. Fast forward to 2025, and a new idea is gaining steam: the Invest America Act, introduced by Senator Ted Cr…
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