ICI Applauds First Lady Melania Trump for Her Work To Ensure Foster Children Receive Access to Trump Accounts

Washington, DC; June 11, 2026—Investment Company Institute (ICI) President and CEO Eric J. Pan released the following statement today regarding the announcement that the First Lady will work with the nation’s governors and the Treasury Department to ensure that children in foster care are enrolled in Trump Accounts:

“ICI applauds First Lady Melania Trump and Treasury Secretary Scott Bessent for this landmark initiative extending savings and investment vehicles to children in the foster care system.

“As one of the earliest supporters of Trump Accounts, ICI knows how important it is to encourage families to start their children’s saving and investing journey at birth. Children in foster care deserve the same opportunity to benefit from compound growth and the $1,000 government matching contribution.

“When we combine investing early in life with the robust financial literacy skills the First Lady has prioritized, we can set young people on a firm foundation. ICI and our members are ready to support this critical expansion and help foster youth to gain access to the resources they need to build a secure financial future.”