A new proposal would create tax-deferred investment accounts for babies born in the U.S. over the next four years, starting them each with $1,000.

The tax-deferred investment accounts will track the stock market for children born between 2025 and 2029

A new proposal would create tax-deferred investment accounts for babies born in the U.S. over the next four years, starting them each with $1,000.

The House GOP's "big, beautiful" tax bill includes a new savings account for children that comes with a $1,000 deposit from the federal government.