What this bill is doing, and I'm proud to have introduced it and to be fighting for it, it's in the bill. It's going to be enacted. This will create an investment account for every child in America. And newborn children, Newborn children born this year would receive $1,000 to see that account. And then each year, parents and family and employers would be able to contribute up to 5,000 a year in a tax advantaged account. (07:44–07:51)
CLAIM
Asserts that a proposed bill would give $1,000 to newborns for investment accounts.
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