To amend title 37, United States Code, to authorize the Secretary of Defense to make contributions to Trump Accounts as a bonus for a member of the Armed Forces who commits to continued service in the Armed Forces and to amend the Internal Revenue Code of 1986 to treat any such contribution in the same manner as a contribution made pursuant to an employer Trump account contribution program.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 11026 Introduced in House (IH)]

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119th CONGRESS 2d Session H. R. 11026

To amend title 37, United States Code, to authorize the Secretary of Defense to make contributions to Trump Accounts as a bonus for a member of the Armed Forces who commits to continued service in the Armed Forces and to amend the Internal Revenue Code of 1986 to treat any such contribution in the same manner as a contribution made pursuant to an employer Trump account contribution program.

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IN THE HOUSE OF REPRESENTATIVES

November 12, 2026

Mr. Pfluger (for himself and Mr. Carter of Georgia) introduced the following bill; which was referred to the Committee on Armed Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

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A BILL

To amend title 37, United States Code, to authorize the Secretary of Defense to make contributions to Trump Accounts as a bonus for a member of the Armed Forces who commits to continued service in the Armed Forces and to amend the Internal Revenue Code of 1986 to treat any such contribution in the same manner as a contribution made pursuant to an employer Trump account contribution program.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. CONTRIBUTION TO TRUMP ACCOUNT FOR COMMITMENT TO CONTINUED SERVICE IN THE ARMED FORCES.

(a) In General.--Subchapter II of chapter 5 of title 37, United States Code, is amended by adding at the end the following new section: ``Sec. 358. Contribution to Trump Account for commitment to continued service in the armed forces ``(a) Contribution.--The Secretary of Defense may pay a bonus of not more than $2,500 to the Trump account of a qualifying child of a covered member who is designated by the covered member for purposes of this section and on whose behalf the Trump account is held. The covered member may elect to allocate such bonus to the Trump accounts of two or more such qualifying children of the covered member. ``(b) Definitions.--In this section: ``(1) The term `covered member' means a member of the armed forces who reenlists, voluntarily extends an enlistment, or otherwise agrees to serve for a specified period in an armed force as an officer or an enlisted member. ``(2) The term `qualifying child' with respect to a covered member means an individual who has not attained the age of 18 before the end of the calendar year and who is a qualifying child (as defined in section 152(c) of the Internal Revenue Code of 1986) of the covered member for the taxable year ending in such calendar year. ``(3) The term `Trump account' has the meaning given such term under section 530A(b) of such Code.''. (b) Tax Treatment of Contribution.--Section 128(c) of the Internal Revenue Code of 1986 is amended-- (1) by striking ``this section, a Trump account contribution program'' and inserting the following: ``this section-- ``(1) In general.--A Trump account contribution program'', and (2) by adding at the end the following new paragraph: ``(2) Trump account contributions for continued service in armed forces.--Any contribution to a Trump account pursuant to section 358 of title 37, United States Code, shall be treated as made pursuant to a program which is described in this subsection.''. <all>