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Scott Bessent: “When the children turn 18, they can take it out. They can…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Treasury Secretary Scott Bessent Thanks Congressman Blake Moore for Work on Trump Accounts

Published | Video Starts at 01:59

And we are creating a treasury. We've created learning modules. TrumpAccounts.gov and I think this is going to be the ultimate learning experience. And on the back end of this, that When the children turn 18, they can take it out. They can use it for down payment on a home, they can use it for education. They can roll it into a retirement account that they take out when they're 65. So I think that this as a supplement to our current programs is going to prove one of the most durable legacies. (01:59–02:09)

CLAIM

Asserts that funds from Trump accounts can be used for home down payments or education when children turn 18.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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