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● LIVE Updated 1h ago · 27 sources tracked

Trump Accounts Were a GOOD Idea. He Just Made It an Icky One.

Trump Accounts have reached 70 million enrolled children following automatic enrollment by the Treasury Department. Recent program adjustments allow the richest Americans and corporations to make direct company stock donations into the portfolios of American children. While the underlying concept of providing financial savings to newborns is praised in theory, the execution has drawn criticism and questions from parents and economists over concentration risk, unrejectable stocks, and a five-year lockup period.

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  • ✓ Trump Accounts reached 70 million enrolled children.
  • ✓ The U.S. Treasury Department completed automatic enrollment for all eligible children not already enrolled in an active Trump Account on October 1.
  • ✓ New changes from the Treasury Department allow donors to gift company stock directly to American children.
  • ✓ Frank Bisignano defended the legality of Trump Account stock donations amid concentration risk concerns.
🛡️ Source Corroboration: 27 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

The U.S. Treasury Department completed automatic enrollment for all eligible children not already in an active account, reaching 70 million total participants.

Live updates

  1. Trump Accounts Reach 70 Million Enrolled Amid Stock Gifting Rules

    Trump Accounts have reached 70 million enrolled children following automatic enrollment by the Treasury Department. Recent program adjustments allow the richest Americans and corporations to make direct company stock donations into the portfolios of American children. While the underlying concept of providing financial savings to newborns is praised in theory, the execution has drawn criticism and questions from parents and economists over concentration risk, unrejectable stocks, and a five-year lockup period.

    Why it matters

    The savings program began as a bipartisan concept intended to give every newborn American citizen a financial head start. However, recent regulatory changes by the Treasury Department altered the framework to permit multimillion-dollar corporate and individual stock gifts. This shift has sparked debate over control and potential windfalls for billionaires.

    What is confirmed

    • Trump Accounts reached 70 million enrolled children.
    • The U.S. Treasury Department completed automatic enrollment for all eligible children not already enrolled in an active Trump Account on October 1.
    • New changes from the Treasury Department allow donors to gift company stock directly to American children.
    • Frank Bisignano defended the legality of Trump Account stock donations amid concentration risk concerns.

    Still unconfirmed

    • New changes to Trump Accounts could pave the way for several multimillion-dollar donations.

    What to watch next

    • Further Treasury Department guidance regarding stock donation restrictions
    • Parental pushback or policy adjustments regarding the five-year lockup and unrejectable stocks
    Sources used for this update (30)
    1. www.cnbc.com — Trump Accounts hit 70 million enrolled. What parents ... - CNBC
    2. www.businessinsider.com — Kids could be gifted company stocks in their Trump accounts. Here's what parents need to know.
    3. The Bulwark — Trump Accounts Were a GOOD Idea. He Just Made It an Icky One.
    4. The New York Times — The Little-Noticed Exception in Trump Accounts
    5. Business Insider — Kids could be gifted company stocks in their Trump accounts. Here's what parents need to know.
    6. Benzinga — Frank Bisignano Defends Legality of Trump Account Stock Donations Amid Concentration Risk Concerns
    7. Alternet — Trump managed to make something wonderful 'icky': economist
    8. www.thebulwark.com — Trump Accounts Were a GOOD Idea. He Just Made It an Icky One. - Substack,The Bulwark
    9. www.alternet.org — Trump managed to make something wonderful 'icky': economist - Alternet.org
    10. flipboard.com — Elon Musk’s romantic partners speak out in damning new 4-hour doc
    11. flipboard.com — These Democrats Are Good, Actually
    12. news.gallup.com — Americans' Confidence in Food Safety Drops to New Low - Gallup News
    confidence 90%
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