00:00Let's elevate America's children above politics.
00:04Since the earliest days of our republic,
00:08the Treasury has stood for America's financial credibility and stability.
00:14This very building is a monument of our confidence in the American experiment.
00:22Today, we are adding another important layer to the Treasury Department's foundation,
00:28economic stewardship.
00:31For the first time, children in foster care will have access to a dedicated savings and investment vehicle,
00:41fostering the future accounts.
00:45Fostering the future accounts give foster children the same chance for asset ownership
00:51and long-term wealth building as every other American child.
00:56When they turn 18, foster youth will be able to access the assets they own
01:03through fostering the future accounts.
01:06This will give them a foundation for independence and opportunity.
01:12For fostering the future youth, empowerment comes through ownership.
01:17This includes ownership of knowledge through education and now ownership through savings and investment accounts.
01:27Let's elevate America's children above politics.
01:33I urge every governor and business leader in America to help fund these accounts.
01:39Together, we can make sure foster youth enter adulthood with assets, opportunity,
01:47and a stronger path to independence.
01:51This is a historic moment for our nation.
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