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119-hr-10490119th CongressWALLET

Born to Invest Act of 2026

Sponsored By: Representative Davids, Sharice [D-KS-3]

Introduced

Summary

Federal model guidance to help states inform parents about tax-favored child savings accounts. This bill would require the Treasury Secretary, in consultation with the Secretary of Health and Human Services, to develop and distribute model guidance that helps state treasurers notify parents about Trump accounts (section 530A), qualified ABLE programs (section 529A), and qualified tuition programs (section 529) and to coordinate use of live birth information for that outreach.

Show full summary
  • Families: New parents and legal guardians would get clearer, state-level notices tied to live birth data about options for tax-favored accounts for children.
  • State treasurers and health departments: Would receive a federal template to coordinate outreach and share live birth information to inform families about these accounts.
  • Federal agencies: Treasury would prepare and disseminate the guidance and must consult with Health and Human Services to develop it.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Help for parents to open child accounts

If enacted, the Treasury Secretary would develop model guidance for State Treasurers, in consultation with the Secretary of Health and Human Services. The guidance would help states tell parents and guardians how to open tax-advantaged child savings accounts (section 530A). It would also cover ABLE disability savings accounts (section 529A) and 529 college savings plans (section 529). The guidance would help states coordinate live-birth records with State Treasurers and health departments so new parents can be reached. This bill would not create new accounts or provide funding.

Sponsors & CoSponsors

Sponsor

Davids, Sharice [D-KS-3]

KS • D

Cosponsors

  • Rep. Schmidt, Derek [R-KS-2]

    KS • R

    Sponsored 9/17/2026

Roll Call Votes

No roll call votes available for this bill.

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