The Trump administration’s One, Big, Beautiful Bill contains a provision to create a savings account called by its MAGA acronym. The plan is to create and fund an investment account with $1,000 for every U.S. citizen born beginning in 2025. It has a long way to go, but this sort of savings account has been a politically popular idea historically.

Republicans continue to make progress on President Donald Trump’s big bill of tax breaks, spending cuts and beefed-up border security, though considerable divisions remain as Speaker Mike Johnson attempts to bridge the differences in his conference.