Strong Start Act

The Strong Start Act creates a new $3,000 tax credit for eligible parents with new children (born, adopted, or placed with them after enactment), paid within 30 days of claim. It establishes "American Dream accounts" for children with additional government contributions: $750 for EITC-eligible families (plus any personal contributions up to $250) and $500 for other families, both adjusted for inflation. The bill renames "Trump accounts" to "American Dream accounts" throughout the tax code and includes provisions for automatic enrollment of eligible families into these accounts. It also ensures account funds are disregarded for means-tested programs like Supplemental Security Income, with limited exceptions for SSI benefit calculations.