Foster Youth Investment Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9920 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 9920

      To amend the Internal Revenue Code of 1986 to allow general 
          contributions to Trump accounts for foster children.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             July 23, 2026

Mr. Moore of Utah introduced the following bill; which was referred to 
                    the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL

 
      To amend the Internal Revenue Code of 1986 to allow general 
          contributions to Trump accounts for foster children.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Foster Youth Investment Act''.

SEC. 2. GENERAL CONTRIBUTIONS TO TRUMP ACCOUNTS FOR FOSTER CHILDREN.

    (a) In General.--Section 530A(f)(3)(A) of the Internal Revenue Code 
of 1986 is amended by adding at the end the following new clause:
                            ``(iv) All account beneficiaries who--
                                    ``(I) have not attained the age of 
                                18 before the close of the calendar 
                                year in which the contribution is made, 
                                and
                                    ``(II) are the eligible foster 
                                child (as defined in section 
                                152(f)(1)(C)) of any taxpayer or are 
                                under the custody, supervision, or 
                                guardianship of a State or Indian 
                                tribal government.''.
    (b) Combinations of Classes and Requirements Permitted.--Section 
530A(f)(3)(A) of such Code, as amended by subsection (a), is amended by 
adding at the end the following new flush sentence:
                ``Such term shall also include any combination of one 
                or more groups described in clause (ii), (iii), or 
                (iv), and any group determined using a combination of 
                the criteria in clauses (ii), (iii), and (iv) (except 
                that all account beneficiaries in such group must have 
                not attained the age of 18 before the close of the 
                calendar year in which the contribution is made).''.
    (c) Effective Date.--The amendments made by this subsection shall 
apply to contributions made after December 31, 2025.
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