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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.
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Marietta Daily Journal broke the news in Georgia, United States on Tuesday, May 13, 2025.
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