H.R. 9920 – Foster Youth Investment Act

AI-Generated Summary

Updated July 30, 2026 at 1:52 AM UTC

The Foster Youth Investment Act amends the Internal Revenue Code to let taxpayers make general contributions to Trump accounts for foster children who are under 18 and in the custody, supervision, or guardianship of a state or Indian tribal government. The change expands who can be a beneficiary of these accounts, aiming to provide tax‑advantaged savings for foster youth.

Key Provisions

Adds a new eligibility clause (iv) that includes foster children under 18 who are under state or tribal custody as possible beneficiaries of Trump accounts.
Allows combinations of beneficiary groups, so contributions can be made to mixed groups that meet the new foster‑child criteria along with other existing categories.
Sets the amendment to take effect for contributions made after December 31, 2025.

Legislative Activity

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1 earlier action

HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

Ways and Means Committee

July 23, 2026

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HouseIntro Referral

Introduced in House

July 23, 2026

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

July 23, 2026

Bill Text

Latest available legislative text

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Introduced in HouseIssued July 23, 2026

I

119th CONGRESS

2d Session

H. R. 9920

IN THE HOUSE OF REPRESENTATIVES

July 23, 2026

Mr. Moore of Utah introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to allow general contributions to Trump accounts for foster children.

1.

Short title

This Act may be cited as the Foster Youth Investment Act.

2.

General contributions to Trump accounts for foster children

(a)

In general

Section 530A(f)(3)(A) of the Internal Revenue Code of 1986 is amended by adding at the end the following new clause:

(iv)

All account beneficiaries who—

(I)

have not attained the age of 18 before the close of the calendar year in which the contribution is made, and

(II)

are the eligible foster child (as defined in section 152(f)(1)(C)) of any taxpayer or are under the custody, supervision, or guardianship of a State or Indian tribal government.

.

(b)

Combinations of classes and requirements permitted

Section 530A(f)(3)(A) of such Code, as amended by subsection (a), is amended by adding at the end the following new flush sentence:

Such term shall also include any combination of one or more groups described in clause (ii), (iii), or (iv), and any group determined using a combination of the criteria in clauses (ii), (iii), and (iv) (except that all account beneficiaries in such group must have not attained the age of 18 before the close of the calendar year in which the contribution is made).

.

(c)

Effective date

The amendments made by this subsection shall apply to contributions made after December 31, 2025.