Children of immigrants born in the United States will be able to access the new “Trump Accounts”, a savings program promoted within the so-called One Big Beautiful Bill Act (OBBBA), even if their parents do not have papers.

The clarification has generated interest among thousands of immigrant families, especially after doubts circulated about whether the children of undocumented people would be excluded from the benefit.

Immigration attorney Kathia Quirós told NBC that the main requirement is that the minor be born in the United States between 2025 and 2028. The immigration status of the parents would not prevent access to the account.

What are “Trump Accounts”?

The so-called “Trump Accounts” are a new savings mechanism for minors approved within the economic package promoted by President Donald Trump.

The program provides for an initial deposit of $1,000 from the federal government for each eligible child. Additionally, parents and employers may contribute up to $5,000 annually adjusted for inflation.

According to the Council of Economic Advisors (CEA), an account that receives consistent contributions could accumulate up to $303,000 by the time the beneficiary reaches adulthood.

Even without additional contributions, the government estimates that the initial deposit could grow to about $5,800 by the time you turn 18.

The debate over who will benefit

Although the initiative has been supported by businessmen and conservative sectors, it has also received strong criticism from economists and social organizations.

Experts cited by the Tax Foundation and the Urban Institute consider that the accounts will mainly benefit families with higher incomes, since they are the ones most likely to make constant contributions.

“The problem is that families with more resources will always have an advantage in accumulating wealth,” financial analysts have warned.

Criticism also points out that “Trump Accounts” offer fewer tax incentives than other existing instruments, such as 529 college plans or Roth IRAs.

Still, advocates of the program argue that it can help millions of American children start a foundation of savings at an early age.

Differences with the so-called “Baby Bonds”

The debate also revived comparisons with “Baby Bonds,” a proposal promoted by Democratic legislators such as Senator Cory Booker.

Unlike “Trump Accounts,” Baby Bonds are designed to directly reduce economic and racial inequality through larger contributions for low-income families.

Similar programs already operate in states like Connecticut, where the government deposits funds for babies born in Medicaid-eligible homes.

However, “Trump Accounts” operate under a more open model, based mainly on family and private contributions.

For immigrant families, the key point is that children born in the United States may be beneficiaries, regardless of the immigration status of their parents.

The measure could benefit millions of children in mixed households, where the minors are US citizens, but their parents lack immigration documents.