The Treasury Department and IRS are moving to automatically create Trump Accounts for millions of eligible children, dramatically expanding the investment program established under President Donald Trump’s tax and spending law. The initiative could bring millions of young Americans into the program during 2026.

Temporary regulations released by Treasury and the IRS create a system allowing the Treasury secretary to establish an account for an eligible child without requiring a parent or another authorized person to make an initial election. The process applies to eligible children who do not already have Trump Accounts.

Treasury estimates that the regulations will affect approximately 73 million children across about 44 million families. The department expects the changes to result in more than 60 million additional children having Trump Accounts in 2026.

Under the structure, Treasury will create a separate account for every eligible child identified through authorized government information. Assets connected to the automatically created accounts will be invested collectively through a master group trust, while individual records will be maintained for each child.

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Treasury said the system is intended to broaden participation while protecting taxpayer information. The master group trust allows the department to establish separate accounts, pool investments and safeguard confidential taxpayer data.

Automatic account creation does not mean a child will automatically receive the federal government’s $1,000 contribution. That payment is part of a separate pilot program covering qualifying children born from 2025 through 2028.

An eligible person must still make the required election for a qualifying child to receive the $1,000 government contribution. The distinction separates automatic enrollment in the account program from eligibility for the federal payment.

Parents and guardians must also claim an automatically established account before it can receive other permitted contributions from sources such as family members or employers. Claiming an account requires a person to authenticate their identity and demonstrate legal authority to act for the child.

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The person claiming the account must also provide required information to Treasury. Once claimed, the account can accept permitted contributions from a child’s family or an employer.

Automatically created accounts can receive qualified general contributions even before being claimed. Those contributions can include certain funding supplied by governments or nonprofit organizations under the regulations.

CNBC: Trump Accounts will begin auto-enrolling millions of children as early as October 1st. This could increase the number of children enrolled this year by more than 60 MILLION.

Every Democrat voted against this generational investment in America's children. pic.twitter.com/njs0gfAVFm — MAGA War Room (@MAGAIncWarRoom) September 30, 2026

The rules also address large contributions to Trump Accounts by governments and nonprofits. Certain qualified general contributions may be made using publicly traded stock, further outlining how outside organizations can participate in the program.

Treasury Secretary Scott Bessent previewed the expansion during a Sept. 15 House Financial Services Committee hearing. He said between 7 million and 8 million families had enrolled in the program at that point.

“We anticipate that within a month we will have 70 million because we will go to autoenroll,” Bessent told lawmakers. His statement described the expected scale of the automatic enrollment push.

Trump Accounts were established through the tax law Trump signed in July 2025. The law created a new type of individual retirement account for eligible children and authorized the Treasury secretary to create or organize those accounts.

Treasury developed the broader automatic enrollment system after receiving public comments about participation barriers. Those comments argued that requiring families to enroll affirmatively could reduce participation, particularly among nonfilers and households unfamiliar with tax procedures.

Bessent has presented Trump Accounts as part of a broader campaign to increase participation in United States capital markets. During the September hearing, he called the accounts “the most important government benefit for young people since the GI Bill” and said they could help create “a generation of shareholders.”

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