Puerto Rico Governor Announces Plan to Implement Federal 'Trump Accounts'

Puerto Rico Governor Jenniffer González Colón announced a project to implement federal 'Trump Accounts' for minors.

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As of 2026-09-05 01:31 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.

Governor Jenniffer González Colón announced on Friday the filing of Administrative Project 156 to make 'Trump Accounts' viable in Puerto Rico. ^[1] The 'Trump Accounts' are savings and investment accounts for minors established under Section 70204 of Public Law 119-21, which incorporated Section 530A into the Internal Revenue Code. ^[2] The measure aims to harmonize Puerto Rico's contributory system with federal provisions to remove local barriers for eligible families. ^[3] Gabriella Boffelli, executive director of the Puerto Rico Federal Affairs Administration (PRFAA), said that PRFAA has worked with the Trump administration since January and participated in the Trump Accounts Summit on January 28, invited by the White House and the Treasury Department. ^[4] Governor Jenniffer González Colón said the bill aims to establish the framework for families to benefit from Trump Accounts, including applicable tax advantages. ^[5] The Trump Accounts were established under Section 70204 of Public Law 119-21, which added Section 530A to the federal Internal Revenue Code during the administration of President Donald J. Trump. ^[6] Governor González Colón stated that the project aims to allow families in Puerto Rico to benefit from federal tax advantages and contribute to early financial planning for their children. ^[7]

What this stands on

Governor Jenniffer González Colón announced on Friday the filing of Administrative Project 156 to make 'Trump Accounts' viable in Puerto Rico. · Telemundo Puerto RicoPuerto Rico

The 'Trump Accounts' are savings and investment accounts for minors established under Section 70204 of Public Law 119-21, which incorporated Section 530A into the Internal Revenue Code. · Telemundo Puerto RicoPuerto Rico

The measure aims to harmonize Puerto Rico's contributory system with federal provisions to remove local barriers for eligible families. · Telemundo Puerto RicoPuerto Rico

Gabriella Boffelli, executive director of the Puerto Rico Federal Affairs Administration (PRFAA), said that PRFAA has worked with the Trump administration since January and participated in the Trump Accounts Summit on January 28, invited by the White House and the Treasury Department. · WIPRPuerto Rico

Governor Jenniffer González Colón said the bill aims to establish the framework for families to benefit from Trump Accounts, including applicable tax advantages. · WIPRPuerto Rico

The Trump Accounts were established under Section 70204 of Public Law 119-21, which added Section 530A to the federal Internal Revenue Code during the administration of President Donald J. Trump. · WIPRPuerto Rico

Governor González Colón stated that the project aims to allow families in Puerto Rico to benefit from federal tax advantages and contribute to early financial planning for their children. ·

Metro Puerto RicoPuerto Rico

All of them publish from Puerto Rico. None is an official body: that part stands on reporting, not on the underlying document or transcript.

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