Born to Invest Act Introduced in House

Representatives Sharice Davids (D-KS) and Derek Schmidt (R-KS) have introduced H.R. 10490, the Born to Invest Act. The bill directs the Department of Treasury—in consultation with the Department of Health and Human Services—to develop guidance to assist state treasurers in sharing information with parents on the establishment of Trump accounts, ABLE programs, and 529 qualified tuition programs. According to a press release, the bill is aimed at ensuring families receive timely information on tax-favored savings and investment programs right when a child is born.