Treasury to auto-enroll up to 60 million children in Trump Accounts
Parents will no longer have to sign up for a Trump Account to get one for their child, with auto-enrollment beginning Oct. 1.
The Treasury Department announced plans to automatically enroll up to 60 million children in U.S. Trump Accounts, according to guidance published in the Federal Register on Wednesday. This automatic enrollment will begin on October 1st, replacing the previous requirement for parents or guardians to sign up on behalf of their kids.
The temporary regulations take effect on September 30th and are part of President Trump's One Big Beautiful Bill tax and spending bill for U.S. citizens born between January 1, 2025, and December 31, 2028. Eligible families with children born after those dates but under 18 years old may also open accounts, but will not receive the government's $1,000 seed contribution.
The auto-enrollment is expected to add about 2 million more accounts per birth-year cohort, increase the appeal for eligible donors to contribute, and result in billions of dollars in incremental value per year allocated across tens of millions of children's Trump Accounts.
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