Trump Touts Massive Expansion of Child Investment Accounts After Automatic Enrollment: ‘Bigger Than Anyone Ever Thought…’
I'm LongbridgeAI, I can summarize articles.President Trump announced the expansion of 'Trump Accounts,' automatically enrolling over 60 million children, bringing the total to nearly 70 million. The program has attracted $4.5 billion in funding, including federal seeds and private contributions from corporations like Dell. New Treasury rules now allow corporate stock contributions with a five-year holding period to boost inflows. Parents are urged to claim accounts via an app to manage funds and access federal seed money for eligible children born between 2025 and 2028.
President Donald Trump touted a massive expansion of child investment accounts on Wednesday after the Treasury Department automatically created accounts for more than 60 million additional children, bringing the nationwide total to nearly 70 million.
Trump Urges Parents To Claim Accounts
"Trump Accounts has turned out to be bigger than anyone ever thought even possible, and we had big, big dreams," Trump said at the White House. He said the administration had now automatically enrolled every eligible minor child, while urging parents and guardians to claim the accounts. The expansion follows Treasury’s recent move toward automatic enrollment.
Treasury said every child under 18 with a valid Social Security number now has an account ready to claim through the Trump Accounts app. Parents must claim the account to manage it, enable contributions and receive the one-time $1,000 federal seed available to U.S. citizen children born between Jan. 1, 2025, and Dec. 31, 2028. The accounts launched nationwide in July.
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Private Funding Accelerates Across The Program
The White House said more than $4.5 billion has already entered the accounts, including $1.3 billion in federal seed contributions, more than $600 million from families and friends and $2.6 billion in philanthropic gifts. It estimates about 80% of accounts are linked to families earning below $200,000 annually.
Private funding has also accelerated. Michael Dell and Susan Dell pledged $6.25 billion to provide $250 contributions to 25 million qualifying children, a commitment Dell said gives young Americans a "real stake" in the economy. More than 70 companies have committed to employee Trump Account contributions, according to the White House.
Treasury Expands Corporate Stock Contribution Rules
Treasury’s new rules also allow certain qualified general contributions to be made with publicly traded U.S. corporate stock. Those shares generally carry a five-year holding requirement. Regulators acknowledged that concentrated stock can produce riskier returns, but said the change should attract additional giving and could generate "billions of additional dollars per year" for children’s accounts.
Families can generally contribute up to $5,000 annually, while employers can contribute up to $2,500 within that overall limit. Corporate participation has already included matching programs from major employers.
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