The America Saving for Personal Investment, Retirement, and Education Act (The ASPIRE Act) will provide a KIDS Account for every child born after December 31, 2006. Each account will be endowed with a one-time $500 contribution, and children in households earning below the national median income will be eligible for a supplemental contribution of up to $500. The accounts will be supported by incentives designed to encourage savings, promote financial literacy, and expand asset-building opportunities. The legislation is based on policy recommendations from New America's Asset Building Program.