H.R. 8313

119 HR 8313 IH: Trump Accounts for All Generations Act
 U.S. House of Representatives
 2026-04-15
 text/xml
 EN
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 I  119th CONGRESS  2d Session  H. R. 8313  IN THE HOUSE OF REPRESENTATIVES   April 15, 2026   Mr. Smith of Nebraska  (for himself,  Mr. Moore of Utah , and  Mr. Jack ) 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 make permanent the Trump accounts contribution pilot program, and for other purposes.
1.
Short title
This Act may be cited as the   Trump Accounts for All Generations Act  .
2.
Permanent extension and enhancement of Trump accounts contribution pilot program
(a)
Permanent extension
 Section 6434(c)(1)  of the Internal Revenue Code of 1986 is amended by striking  and before January 1, 2029, .
(b)
Inflation adjustment
Section 6434 of such Code, as amended by subsection (a), is amended—
(1)
by redesignating subsections (h) and (i) as subsections (i) and (j), respectively, and
(2)
by inserting after subsection (g) the following new subsection:
(h)
Inflation adjustment
In the case of any taxable year beginning after 2028, the $1,000 amount in subsection (a) shall be increased by an amount equal to—
(1)
such dollar amount, multiplied by
(2)
the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting  calendar year 2027  for  calendar year 2016  in subparagraph (A)(ii) thereof.
 If any increase under this subsection is not a multiple of $100, such increase shall be rounded to the next lowest multiple of $100.
 .
(c)
Conforming amendments
(1)
Section 6434 of such Code, as amended by the preceding provisions of this section, is amended by striking
pilot   in the heading thereof.
(2)
Section 6213(g)(2)(AA) of such Code is amended by striking  pilot .
(3)
Section 6659 of such Code is amended by striking
pilot   in the heading thereof.
(4)
The item relating to section 6434 in the table of sections for subchapter B of chapter 65 of such Code is amended by striking  pilot .
(5)
The item relating to section 6659 in the table of sections for part I of subchapter A of chapter 68 of such Code is amended by striking  pilot .
(d)
Effective date
The amendments made by this section shall apply to taxable years beginning after December 31, 2026.