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

SB 988 would create a program where the Department of Financial Institutions contributes to "Trump accounts" for eligible children residing in the state, matching payments made under a fictional IRS provision (26 USC 6434). The bill defines "Trump account" using non-existent IRS codes (26 USC 530A), and requires the department to contribute only if funds are available and no prior contribution was made. It specifies contributions would equal payments made to the account under the referenced (but non-existent) tax code. This bill appears to reference fabricated legal provisions, as 26 USC 530A and 6434 do not exist in actual U.S. tax law.