Lt. Gov. Dan Patrick plans to prioritize the creation of a “New Little Texan Savings Fund” during the next legislative session, which would allocate an additional $1,000 to newborn Texas children in addition to new federal “Trump Accounts.”
The private investment “Trump Accounts,” seeded with $1,000 from the federal government, will go into effect on July 4, 2026 and will be available for American children born between 2025 and 2028. It was authored by U.S. Sen. Ted Cruz (R-TX) and passed by Congress over the summer via the federal funding bill known as the “One Big Beautiful Bill Act” — a priority of President Donald Trump.
