Trump Signs Executive Order Creating TrumpIRA.gov Retirement Savings Platform for 50M Unbanked Workers

President Trump signed an executive order on May 1, 2026 directing the Treasury Department to build and launch TrumpIRA.gov — a government-hosted comparison website where the roughly 50 million American workers without employer-sponsored retirement plans can find, compare, and enroll in private-sector Individual Retirement Accounts. The platform must be operational by January 1, 2027. Key provisions: IRA providers listed must maintain annual expense ratios below 0.15%; no minimum contribution or minimum balance requirements are permitted for listed plans. The EO integrates with the 'Saver's Match' provision of the One Big Beautiful Bill Act (signed July 4, 2025), which provides up to $1,000 per year in government matching contributions for workers earning under $35,000 annually. Trump framed the EO as addressing 'the retirement savings crisis for working people who don't work for big companies.' The White House released a simultaneous fact sheet announcing the 17th Most-Favored-Nation drug pricing deal under the May 2025 executive order — this time with pharmaceutical firm Regeneron — and the launch of TrumpRx.gov (operational since February 5, 2026). The Regeneron deal covers Eylea (anti-VEGF injections for macular degeneration) and Dupixent (for eczema/asthma), reducing patient costs by up to 80% relative to current US list prices.