Paid-in floor guaranteed
Social Security
Amounts already paid into Social Security — and a benefit already in pay status — remain guaranteed and shall not be reduced by investment loss. They are the opening floor of the Freedom Account. Current retirees and persons within ten years of full retirement age may keep Social Security, elect a 50/50 blend, or convert future covered amounts while retaining the paid-in floor. Silence after a one-year window keeps the guaranteed benefit.
- Paid-in amounts are the floor — not a cut — and are protected from market loss.
- Persons in pay status, or within 10 years of full retirement age, choose stay / 50-50 / full conversion.
- For other workers, future covered payroll and social credits accrue to the Freedom Account; the paid-in floor remains guaranteed.
- Congress shall not appropriate Social Security or Freedom Account balances to any other program.
Dollars follow the student
Education
Covered federal education amounts credited to a minor’s or student’s Freedom Account may be directed by the parent or eligible student to the public school district, private school, or home program the family selects under State law. Nothing in the Act authorizes the Secretary of Education to set curriculum.
- If a district is failing the student, the parent may move the dollars by enrolling under State law.
- Year-round instructional calendars may receive additional covered credits. Participating public districts use the increase so average full-time classroom teacher pay is not less than $90,000 in 2027 dollars (CPI-U) — instruction, not extra-curricular administration.
- Qualified education expenses include State-lawful youth sports and supervised activities. This does not create a federal sports ministry.
- Gaming the calendar or attendance is subject to clawback plus 5 percent.
Designated assets in a public portfolio
Real Property & Minerals
Designated federal real property and the federal share of oil, gas, and mineral proceeds from public lands are listed or unitized in a publicly traded or publicly reported Trust portfolio. Operations of national security on a site may continue. The physical asset, when designated, is Trust corpus — not “national security” for that reason alone.
- Public access continues until Congress authorizes closure or conveyance. There is no fire-sale mandate.
- When Congress authorizes closure or sale, net proceeds are credited to the Trust. Closed military installations may be developed for the benefit of Freedom Accounts, subject to environmental and national-security deed restrictions.
- The Trust may borrow against the portfolio on commercially reasonable terms without pledging an individual account.
- A State may convey State real property or mineral interests into a parallel State sleeve for that State’s eligible residents.
Pay from the account. Keep what you do not spend.
Healthcare
Covered healthcare programs include Medicaid, ACA premium or cost-sharing subsidies, federal public-health grants administered as social spending, and NGO or State pass-through of those funds. An eligible person may direct Freedom Account funds to qualified healthcare expenses through Treasury bill-pay. Unused amounts remain invested — no use-it-or-lose-it.
- Military medical operations, VA hospital operations, Medicare for a person already eligible by age or disability at enactment, and emergency uncompensated-care amounts Congress preserves are not cut by this title.
- A qualified healthcare payment is not a taxable distribution solely because it is paid from the account.
- GAO certifies programs against preventable hospitalizations or ED use, age-adjusted mortality or life expectancy, and real federal cost per beneficiary.
- A person who uses less care before 62 has a larger balance at 62.
No result, no continued spending
Ineffectual spending
Covered social spending that cannot show a measurable result shall not continue as spending. The President may designate only GAO-certified ineffectual amounts — or a program with an Inspector General finding of fraud, waste, abuse, or spend-it-or-lose-it. This is not a line-item veto.
- Tests include: GAO/IG waste; spending up with no better outcome; no published statutory metric; cost per outcome up while the outcome is flat or worse.
- Statutory outcomes: HUD Point-in-Time homelessness; Census poverty or deep poverty; NAEP reading or math; job-training employment or earnings; healthcare outcomes; an identifiable NGO beneficiary.
- Congress has 45 days of session under expedited rescission procedures. If it approves, the unobligated amount is credited to Freedom Accounts. If it rejects or does not act, the appropriation stands.
- Unobligated covered balances at fiscal year-end are credited to accounts. Agencies shall not obligate solely to prevent lapse. Identified waste in excluded operations may still credit accounts without reducing operational capability except as Congress separately provides.
Conduct has a cost. The floor is not forfeited.
Law, courts & accountability
New contributions are suspended for a period of incarceration. A person sentenced to life without parole is not eligible for new contributions; those amounts are redistributed. The paid-in Social Security floor is not forfeited. Freedom Courts are a specialized docket — not a replacement for Article III.
- Juveniles: $1 withheld per school day of suspension; $50 per month of expulsion. Reductions are permanent and redistributed.
- Whistleblowers: public tip line; award of not more than 10 percent of amounts recovered for the Trust. Agency report in 90 days, then appeal at no filing cost.
- A teacher suspended for failing instructional standards loses contributions for the suspension period.
- Officers, judges, or Members found to have failed to enforce the law impartially may be fined $1,000 per act and lose contributions for 12 months.
Citizens and lawful permanent residents only
Eligibility & language
Only a United States citizen or lawful permanent resident may hold a Freedom Account. Presence without lawful status does not create eligibility. English is the official language of the Trust, of registration, of statements, of the November 1 report, and of instruments under the Act. A State may provide a courtesy translation. The controlling text is English.
- Registration: certified U.S. birth certificate, CRBA, naturalization or citizenship certificate, or a valid unexpired U.S. passport; plus government photo ID; plus a matching Social Security number. The Secretary issues a Freedom Account Number (FAN).
- Verification at setup and at least every 10 years. Failure within 90 days after notice suspends new contributions for that period without restoration; they are redistributed.
- Ineligible registration, or causing another to register, carries immigration consequences plus criminal and civil penalties.
- A parent or legal guardian registers and verifies a minor.