Foster Youth Investment Act
To amend the Internal Revenue Code of 1986 to allow general contributions to Trump accounts for foster children.
HB9920 proposes to change the tax rules to allow people to make donations to accounts specifically for foster children, which would be managed by the Trump Foundation. This would impact foster children by potentially increasing the funds available for their care and support. The bill is currently in its early stages, having been introduced and referred to the House Committee on Ways and Means for further review. Key steps include its introduction on July 23, 2026, and referral to the relevant committee on the same day. As of now, no further actions have been taken.
The sponsor of this bill is Representative Blake Moore, a Republican. The bill’s goal is to amend the Internal Revenue Code of 1986 to enable these specific donations, which could help enhance resources for foster children. The current status is that the bill has been introduced and referred to committee, meaning it is still in the early phases of the legislative process.
Recent history shows that the bill was introduced and referred on July 23, 2026. No significant actions or debates have occurred yet, and it awaits further consideration by the committee. Constituents should stay informed as the bill progresses through the legislative steps.
