Relating to: contributions by the Department of Financial Institutions to Trump accounts.

This bill creates a new state program requiring the Department of Financial Institutions to contribute to "Trump accounts" for eligible children who reside in the state and have prior payments made to such accounts. The contribution amount would match prior payments made under a specific IRS code (26 USC 6434), subject to available funds and only for accounts without prior state contributions. It defines key terms like "Trump account" and "eligible child" using IRS code references, though the bill's use of these codes appears inconsistent with actual tax law. The program would apply to children born and residing in the state, with contributions made as "qualified general contributions" under the referenced IRS section. The bill passed the Assembly in February 2026 with 62-35 support.