Scott Bessent: “Every child born during the President's term is eligible for a $1,000 seed investment from the US Treasury.”

“Franklin understood the force of an early financial foundation because of his own life that was built upon one. And now, centuries later, that conviction finds a new and powerful expression in Trump accounts. Every child born during the President's term is eligible for a $1,000 seed investment from the US Treasury. And any child under 18 can also qualify for philanthropic contributions that will automatically appear in their account as they grow.” (18:59–19:08)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.