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- 2026 LEGISLATURE LRBs0449/1 ARG&EKL:skw ASSEMBLY SUBSTITUTE AMENDMENT 1, TO ASSEMBLY BILL 996 February 19, 2026 - Offered by Representative B EHNKE .
- 2026 LEGISLATURE LRB-6020/1 ARG&EKL:skw ASSEMBLY BILL 996 February 2, 2026 - Introduced by Representatives EHNKE , UNDRUM , KREIBICH, M AXEY, MOSES , MURPHY, PIWOWARCZYK , ODRIGUEZ and TUCKER , cosponsored by Senators C ABRAL -GUEVARA and Q UINN .
A N A CT to create 20.144 (1) (c) and 224.38 of the statutes;
Referred to Committee on Financial Institutions.
A N A CT to create 224.38 of the statutes;
Under a federal pilot program, the federal Treasury - 2026 Legislature - 2 - LRBs0449/1 ARG&EKL:skw SECTION 1 Department generally pays $1,000 into the Trump account if the account beneficiary was born in a calendar year from 2025 to 2028, is a U.S.
Under a federal pilot program, the federal Treasury Department generally pays $1,000 into the Trump account if the account beneficiary was born in a calendar year from 2025 to 2028, is a U.S.
Federal law also provides that a state or local government may contribute to the Trump accounts of a specified class of individuals, such as state residents under age 18, and that these contributions are not taxable to the recipients or subject to an annual limit on contributions.
Federal law also - 2026 Legislature - 2 - LRB-6020/1 ARG&EKL:skw ASSEMBLY BILL 996 SECTION 1 provides that a state or local government may contribute to the Trump accounts of a specified class of individuals, such as state residents under age 18, and that these contributions are not taxable to the recipients or subject to an annual limit on contributions.
The bill requires DFI to make a matching contribution of $1,000 to a Trump account if the federal Treasury Department has made a payment to the Trump account and the account beneficiary was born in this state and resides in this state at the time of DFI’s contribution.
This bill requires DFI to make a matching contribution of $1,000 to a Trump account if the federal Treasury Department has made a payment to the Trump account and the account beneficiary was born in this state and resides in this state at the time of DFI’s contribution.
SECTION 1.
S ECTION 1.
20.005 (3) (schedule) of the statutes:
at the appropriate place, insert the following amounts for the purposes indicated:
2025-26 2026-27 20.144 Financial institutions, department of (1) SUPERVISION OF FINANCIAL INSTITUTIONS, SECURITIES REGULATION AND OTHER FUNCTIONS (c) Contributions to Trump accounts GPR A -0- -0- SECTION 2.
20.144 (1) (c) of the statutes is created to read:
20.144 (1) (c) Contributions to Trump accounts.
The amounts in the schedule for the department of financial institutions to make contributions to Trump accounts under s.
224.38 (2).
SECTION 3.
(1) D EFINITIONS .
(1) D EFINITIONS.
- 2026 Legislature - 3 - LRBs0449/1 ARG&EKL:skw SECTION 3 (c) “Trump account” has the meaning given in 26 USC 530A (b) (1).
(c) “Trump account” has the meaning given in 26 USC 530A (b) (1).
(2) C ONTRIBUTION PILOT PROGRAM.
(2) C ONTRIBUTION PILOT PROGRAM .
(c) The department shall make contributions to Trump accounts under this subsection only to the extent that funds are available for the contributions.
(c) The department shall make contributions to Trump accounts under this - 2026 Legislature - 3 - LRB-6020/1 ARG&EKL:skw ASSEMBLY BILL 996 S ECTION 1 subsection only to the extent that funds are available for the contributions.
(END)
END )
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