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H.R. 10490

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to direct the Secretary of the Treasury to develop model guidance for States to assist with the establishment of certain tax-favored accounts for children.
About This Bill
Committee
Latest Action · September 17, 2026
Referred to the House Committee on Ways and Means.
Introduced
September 17, 2026
Cosponsors (1)
0D 1R
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Summary

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The Born to Invest Act of 2026 directs the Secretary of the Treasury to create model guidance documents that help states inform new parents about tax-advantaged savings accounts for children. Specifically, the guidance would assist state treasurers in educating parents and guardians about three types of accounts: Trump accounts, qualified ABLE programs for people with disabilities, and qualified tuition programs for education savings. The bill also calls for coordination between state treasurers and state health departments to share birth records so that states can reach parents of newborns with this information. The Treasury Department would work with the Health and Human Services Department to develop these resources. While no specific funding amount is mentioned in the legislation, the bill aims to make it easier for families to start saving for their children's futures through existing tax-favored investment accounts.

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