Wow!
"The number of children that the Treasury Department will automatically enroll in the government’s new Trump Accounts as soon as this week, the agency said in rules published Tuesday. The auto-enrollment replaces the previous structure, which required parents or guardians to sign up."
"... The shift to automatic enrollment will ensure much broader access to the child investment accounts, creating them for more than 60 million additional children under age 18, according to the Treasury Department. The shift to auto enrollment means that big contributions from wealthy donors to the program—like the $6.25 billion pledge from Michael Dell—would reach more households. ..."
"... Newborn Pilot Program: Children born between January 1, 2025, and December 31, 2028, are eligible for a one-time $1,000 federal seed contribution from the government. ..."
Treasury Will Auto-Enroll 60 Million Children in Trump Accounts "New rules also ease path for wealthy donors to contribute stock while avoiding capital-gains taxes"
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