Lt. Gov. Dan Patrick on Wednesday proposed a state program to give every baby born in Texas $1,000 invested in the stock market, modeling the idea off a federal plan created as part of President Donald Trump’s tax and spending legislation.

Patrick said on social media he would prioritize a measure during the 2027 legislative session to create the investment accounts, dubbed the “New Little Texan Savings Fund.” The program would invest $1,000 in public funding in the stock market for every baby born in Texas.

The initiative, Patrick said, would cost the state around $400 million per year — less than 1 percent of Texas’ current two-year budget . Patrick added that he would seek to pass a constitutional amendment making the state’s program permanent.

“If I see a great idea from the

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