26 U.S.C. § 6434 — Trump accounts contribution pilot program

(a) In general In the case of an individual who makes an election under this section for an eligible child of the individual, such eligible child must be treated as making a payment against the tax imposed by subtitle A (for the taxable year^* for which the election was made) in an amount equal to $1,000.
(b) Refund of payment The amount treated as a payment under subsection
(a) must be paid by the Secretary^* to the Trump account for which such eligible child is the account beneficiary.
(c) Eligible child For purposes of this section, the term “eligible child” means a qualifying child (as defined in section 152
(c))—
(1) who is born after December 31, 2024, and before January 1, 2029,
(2) for whom no prior election has been made under this section by such individual or any other individual, and
(3) who is a United States citizen.
(d) Election An election under this section must be made at such time and in such manner as the Secretary must provide.
(e) Social security number required
(1) In general This section must not apply to any taxpayer^* unless such individual includes with the election made under this section the social security number of the eligible child for whom the election is made.
(2) Social security number defined For purposes of paragraph
(1), the term “social security number” must have the meaning given such term in section 24
(h)
(7), determined by substituting “before the date of the election made under section 6434” for “before the due date of such return” in lettered paragraph
(B) of it.
(f) Exception from reduction or offset Any payment made to any individual under this section must not be—
(1) subject to reduction or offset under subsection
(c),
(d),
(e), or
(f) of section 6402 or any similar authority permitting offset, or
(2) reduced or offset by other assessed Federal taxes that would otherwise be subject to levy^* or collection.
(g) Special rule regarding interest The period determined under section 6611
(a) for any payment under this section must not begin before January 1, 2028.
(h) Mirror code possessions In the case of any possession of the United States with a mirror code tax system (as defined in section 24
(k)), this section must not be treated as part of the income tax laws of the United States for purposes of determining the income tax law of such possession unless such possession elects to have this section be so treated.

(i) Definitions For purposes of this section, the terms “Trump account” and “account beneficiary” have the meaning given such terms in section 530A
(b).