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Freedom AccountsAct of 2027

Mechanics

Investment instead of spending

Congress still passes appropriations. Covered social dollars, leftovers, approved ineffectual amounts, and designated property proceeds become units in a Trust you own — not another agency program.

  1. 01

    Redirect spending into ownership

    Congress still passes appropriations. Covered social dollars, year-end leftovers, approved ineffectual amounts, and proceeds of designated real property and minerals become units in the Freedom Accounts Trust — not another Washington program.

  2. 02

    You decide what to spend

    Before 62 you may pay a primary residence, qualified education, qualified healthcare, essential utilities, legal defense, and voluntary donations. Treasury bill-pay goes to the vendor you select. What you do not spend stays invested. There is no use-it-or-lose-it inside the account.

  3. 03

    A public trust, not a slush fund

    The Treasury Secretary is Trustee and Chair. State treasurers sit on the Board. Trust principal is not general-fund revenue. Congress shall not appropriate Trust assets for any other purpose. A 0.75% fee on value credited in the fee year is split Treasury / States for administration only.

  4. 04

    Own it. Pass it on.

    Each eligible citizen or lawful permanent resident holds one Freedom Account. Social Security amounts already paid in are the opening floor and remain guaranteed. At 62, withdrawals may begin for any lawful purpose. Accounts pass at death.

Rules of the account

  • Eligibility. United States citizens and lawful permanent residents only. Registration uses a certified birth record or passport, government photo ID, and a matching SSN. The Secretary issues a Freedom Account Number. English is the official language of the Trust.
  • Use before 62. Primary residence; qualified education; qualified healthcare; water, electric, and similar essential utilities for the primary home; legal defense; and voluntary donations. Treasury bill-pay goes to the vendor you select. No NGO as a substitute for that choice.
  • Living withdrawals at 62. You may withdraw for any lawful purpose. Unused healthcare and other permitted amounts remain invested. The account is personal property and passes at death.
  • Fee. 0.75% of gross account value credited in the fee year, split Treasury / States for administration — not an appropriation of principal to other programs. The Secretary is Trustee and Chair.
  • Year-end leftovers and ineffectual spending. Unobligated covered balances at fiscal year-end credit accounts. Agencies shall not obligate solely to prevent lapse. The President may designate only GAO-certified ineffectual amounts; Congress must approve a rescission. That is not a line-item veto.
  • November 1 report. The President publishes, in total and per eligible person, Trust value, leftovers, property credits, ineffectual-spending actions, bill-pay, the fee, and Social Security floors versus invested balances.

Freedom Accounts

Monthly statement · example only

Not audited

Account holder

Jane Q. Citizen

Eligible citizen · FAN issued 2028

Period

March 1–31, 2035

English is the language of the Trust

Opening

$48,210

Invested this month

$245

Closing

$49,180

Activity

DateDescriptionAmount
Mar 1Opening balance$48,210
Mar 4Treasury investment credit$245
Mar 12Market gain (illustration)$820
Mar 18Education — district transfer−$95
Mar 31Closing balance$49,180

0.75% management fee is assessed on gross value credited in the fee year, split between Treasury and the States for administration. Each statement states whether the period has been included in a completed GAO audit. This sample is not a live account.

Read the ActNovember 1 report