NowWire · AI-assisted reporting summary · September 30, 2026 UTC
The Treasury Department announced that up to 60 million Trump Accounts will be automatically created for eligible children in the United States, according to guidance published in the Federal Register. Under the previous guidelines, parents or guardians had to actively sign up for the investment accounts on behalf of their children. The new automatic enrollment process is scheduled to begin on October 1, eliminating the need for most families to submit individual applications. [1]
The tax-deferred accounts were established under the One Big Beautiful Bill legislation for American citizens born between January 1, 2025, and December 31, 2028, and include a $1,000 government seed contribution. Families with children under 18 born outside those dates may still open accounts, though they will not receive the initial government contribution. The Treasury Department stated that auto-enrollment is expected to add about 2 million more accounts per birth-year cohort and significantly increase class contributions from eligible donors. [1]
Sources
- Trump Accounts will automatically be created for up to 60 million kids, Treasury says — 2026-09-30T08:00:00-0400