Congressman Blake Moore joined President Trump at the White House to mark Michael and Susan Dell’s $6.25 billion investment in Trump Accounts for children. Moore played a key role in introducing legislation that established these accounts, which became law as part of the One Big Beautiful Bill Act on July 4, 2025.
The event included Treasury Secretary Scott Bessent, Speaker Mike Johnson, Senator Ted Cruz, House Ways and Means Committee Chairman Jason Smith, Michael and Susan Dell, and others who supported the creation of Trump Accounts. Congressman Moore addressed attendees about the expected benefits of these accounts for young Americans.
“These investment accounts will have a meaningful impact on the next generation as they experience the power of capitalism and compounding interest, save for the future, and have a better chance at achieving the American Dream,” Moore said.
Trump Accounts are tax-deferred savings vehicles intended for children under 18. Children born between 2025 and 2028 qualify for a $1,000 government contribution to their account. Annual contributions up to $5,000 can be made from various sources such as family members or employers. Withdrawals are not allowed until account holders reach age 18. The Treasury Department’s Office of Tax Analysis estimates that individual Trump Accounts could grow to nearly $1.9 million by age 28.
Blake Moore has represented Utah’s 1st district in Congress since replacing Rob Bishop in 2021 (https://moore.house.gov/about). Born in Ogden in 1980, he is now based in Salt Lake City. He earned his BA from the University of Utah in 2005.
