Trump Account changes could take heat next year
The Treasury Department moved last week to automatically enroll tens of millions of children and greenlight donations of individual stocks.
The Trump administration's recent modifications to Trump Accounts may face scrutiny from the incoming Congress if Democrats secure a majority. According to Treasury Secretary Scott Bessent, the department recently implemented automatic enrollment for millions of children and allowed donations of individual stocks. Bessent touted the accounts during a recent visit to Pennsylvania, stating that the Trump Administration aims to provide the next generation with the opportunity to achieve the "American dream."
However, Democrats have concerns about the individual stock donations, arguing that they may lack statutory authority and could prevent individuals with religious or other objections to certain stocks from opting out. House aides conveyed these concerns to Semafor. Libertarians also expressed reservations, stating that there is ample information available for individuals to make their own decisions, and that simply providing an option does not necessarily improve outcomes. The Treasury Department declined to comment on the matter.
Written by urgent.news from Semafor's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
