,i #aaith ,,congress #b;d ,session ,h4 ,r4 #hcac ,,in ,,the ,,house ,,of ,,representatives ,april #ae1 #bjbf,mr4 ,smith of ,nebraska 7for himself1 ,mr4 ,moore of ,utah1 and ,mr4 ,jack7 introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to make permanent the ,trump accounts contribution pilot program1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,trump ,accounts for ,all ,generations ,act4 #b4 ,permanent extension and enhancement of ,trump accounts contribution pilot program 7a7 ,permanent extension ,section #fdcd7;c77#a7 of the ,internal ,revenue ,code of #aihf is amended by striking and before ,january #a1 #bjbi14 7b7 ,inflation adjustment ,section #fdcd of such ,code1 as amended by subsection 7a71 is amended-- 7#a7 by redesignating subsections 7h7 and 7i7 as subsections 7i7 and 7j71 respectively1 and 7#b7 by inserting after subsection 7g7 the following new subsection3 7h7 ,inflation adjustment ,in the case of any taxable year beginning after #bjbh1 the #a1jjj amount in subsection 7a7 shall be increased by an amount equal to-- 7#a7 such dollar amount1 multiplied by 7#b7 the cost-of-living adjustment determined under section #a7;f77#c7 for the calendar year in which the taxable year begins1 determined by substituting calendar year #bjbg for calendar year #bjaf in subparagraph 7,a77ii7 thereof4 ,if any increase under this subsection is not a multiple of #ajj1 such increase shall be rounded to the next lowest multiple of #ajj4 4 7c7 ,conforming amendments 7#a7 ,section #fdcd of such ,code1 as amended by the preceding provisions of this section1 is amended by striking pilot in the heading thereof4 7#b7 ,section #fbac7;g77#b77;,,aa7 of such ,code is amended by striking pilot4 7#c7 ,section #ffei of such ,code is amended by striking pilot in the heading thereof4 7#d7 ,the item relating to section #fdcd in the table of sections for subchapter ,b of chapter #fe of such ,code is amended by striking pilot4 7#e7 ,the item relating to section #ffei in the table of sections for part ,i of subchapter ,a of chapter #fh of such ,code is amended by striking pilot4 7d7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjbf4