President Donald Trump outlines newborn savings accounts and praises Michael and Susan Dell for supporting the launch of the new ‘Trump Accounts’ initiative.

"ICI applauds the significant philanthropic gift announced today to help kickstart Trump Accounts for millions of American children. In a similar fashion, the government contribution for children born in the next several years will set these accounts to a great start and help ensure widespread of adoption of an investing mindset for American families.

President Trump unveiled a new form Tuesday that parents can use to sign their children up for "Trump accounts." The big picture: Trump accounts are tax-advantaged savings and investment accounts for children,