The move replaces a previous opt-in structure where fewer than 8% of eligible children had accounts. To unlock funds, including a $1,000 federal seed for children born between 2025 and 2028, parents must claim the account through a dedicated app. IRS CEO Frank Bisignano says up to 25 million accounts could be funded by mid-October. Bessent described the program as the most important benefit for young people since the GI Bill.
Tuesday, October 20, 2026
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US Treasury Completes Universal Auto Enrollment for All Children in Trump Accounts
US Politics15 days ago
No person under the age of 18 in the United States is left without a government savings vehicle following the conclusion of a massive digital rollout by the Department of the Treasury. Secretary Scott Bessent announced in Pennsylvania that automatic enrollment for Trump Accounts is now 100% complete, ensuring every minor has an account waiting to be claimed. The Treasury has also modified the program to accept stock donations from private individuals, shifting the vehicle from a government-seeded account to a universal child investment tool.
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