President Clinton signed legislation creating Individual Development Accounts. The accounts, a key part of his 1992 community empowerment agenda, provide incentives through federal matching funds for low-income families to save for a first home, higher education, or to start a new business. In FY1999, $10 million was awarded to establish savings accounts for over 10,000 lowincome workers in 40 communities, with an additional $10 million awarded in FY 2000. The President won $25 million in the FY 2001 budget to expand the IDA program. In the FY 2001 budget, the President also won bipartisan support for over $10 million to launch a new program, First Accounts, designed to bring more Americans into the financial services mainstream with access to low-cost banking accounts.