Bill · H.R. 9920· House(119-HR-9920)
Foster Youth Investment Act
- Introduced
- 7/23/2026
- Last activity
- 7/23/2026 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Blake Moore
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, titled the "Foster Youth Investment Act," aims to amend the Internal Revenue Code of 1986. It specifically seeks to allow general contributions to Trump accounts for foster children. The amendment includes beneficiaries who have not reached age 18 by the end of the calendar year. These individuals must be eligible foster children of a taxpayer or under the custody, supervision, or guardianship of a State or Indian tribal government. These changes would apply to contributions made after December 31, 2025.
Yes
Would children be better off under this?+7
The bill specifically provides financial benefit mechanisms for foster children under age 18.
Would households on low incomes be better off under this?+5
It provides a pathway for foster children, who are often in low-income situations, to build savings.
Is this likely to lift people out of poverty?+5
By allowing contributions to accounts for foster children, the bill helps build financial assets for vulnerable youth.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Expansion of Account Beneficiaries: The bill allows for account beneficiaries who have not attained the age of 18 and are eligible foster children or under the custody, supervision, or guardianship of a State or Indian tribal government (Section 2(a)). This could provide financial resources to foster children through these specific accounts.
Potential Negative Impacts for People
- No specific negative impacts or burdens are explicitly detailed within the provided text of the bill.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Children+7Good For Low Income Households+5
- Social Issues And Justice
- Improves Poverty Reduction+5
- 7/23/2026
- Referred to the House Committee on Ways and Means.
- Introduced in House