President Trump’s executive action
Policy proposal · November 2026
Housing for Generations
By executive action, the President contributes Treasury’s shares of Fannie Mae and Freddie Mac into the Trump Account of every American child under 18. Those shares stay, and they are designated for a first-home down payment or purchase. Then comes the orderly conservatorship exit. As that conservatorship exit materializes, those shares could rise in value. Homes mean household formation.
A massive Trump legacy. Housing for generations. It's time to end the conservatorship of Fannie Mae and Freddie Mac.
Equal share of the stock
About $5,500
A potential value of $400 billion or more, divided across 72,021,348 children under 18. The unrounded equal share is $5,554. The child receives shares.
A five-year-old, hypothetical, to age 30
$182,829
At 15% a year the stake could be $182,829, which the public line rounds to about $180,000, more than 40% of a typical home. At 12.5% it could be $105,539. At 10% it could be $60,175. Not a forecast or a guarantee.
A new household, hypothetical
About $360,000
Two childhood stakes on the 15% path could be about $360,000. That is about 86% of the October 2026 median existing-home price of $416,700. Not a forecast or a guarantee.
Today, the typical first-time home buyer is 40 (NAR 2026 Profile of Home Buyers and Sellers, median age). With Housing for Generations, she could be home by 30.
A direct win for taxpayers and their kids
Lobbyists, consultants, and insiders do not get paid to keep the conservatorship going.
No new money is spent into the economy. About 4 million young adults a year reach the shares, which stay invested until at least 18. There is no inflation effect from this action.
The drivers are the business and appreciation after the New York Stock Exchange listing. Dividends are reinvested in index funds within 30 days inside the account. Growth figures on this page are hypothetical.
Five steps
The order is immediate: the warrants are exercised and the PSPA letter agreement is done. Then the New York Stock Exchange listing, then the shares go into the children’s Trump Accounts, then FHFA removes the duplicative capital buffers and dividends start, then the orderly conservatorship exit by December 31, 2027. No forced share sales: Treasury sells no common into the market, and the shares go directly into the Trump Accounts with no middleman.
01 · Immediate
Warrants exercised and the PSPA letter agreement
02 · First quarter of 2027
New York Stock Exchange listing
03 · Mid-2027
Shares contributed into the Trump Accounts
04 · Mid-2027
Remove duplicative capital buffers; dividends start
05 · By December 31, 2027
Orderly conservatorship exit