The Treasury Department confirmed plans to automatically enroll millions of children in Trump Accounts under new rules released Tuesday, according to The Hill. The auto enrollment removes the need for parents to actively sign up for the investment program.
The move could create accounts for more than 60 million additional children under the age of 18, according to Treasury Department guidance cited by The Hill and CNBC. Newsmax and The Wall Street Journal also reported the figure of 60 million children potentially affected.
CNBC reported that Trump Accounts will begin auto enrolling eligible children, though details on eligibility criteria were not specified in the available reporting.
Just the News reported that the Treasury said it would auto-enroll millions of children into the accounts through the new rules, mirroring reporting from center-leaning outlets.
How each side covered it
Center
- The Hill reported Treasury will auto-enroll children without requiring parent sign-up, per new Tuesday rules.
- CNBC and The Wall Street Journal emphasized the potential addition of 60 million accounts.
- The Hill and CNBC cited Treasury Department guidance as the source of the enrollment figures.
“Treasury confirms plan to auto-enroll millions of children in Trump accounts” — The Hill
Right
- Just the News reported Treasury's plan to auto-enroll millions of children through new rules.
- Newsmax highlighted the 60 million figure of children set to automatically receive accounts.
“60 Million Kids to Get Trump Accounts Automatically” — Newsmax
Questions readers ask
What are Trump Accounts?
Trump Accounts are an investment program for children that the Treasury Department is now set to auto-enroll eligible children into, according to reporting from The Hill and CNBC. The available sources did not detail further specifics of how the investment accounts function.
How many children could be enrolled in Trump Accounts?
Treasury Department guidance indicates more than 60 million additional children under 18 could be auto-enrolled, according to The Hill, CNBC, The Wall Street Journal and Newsmax.
Do parents need to sign up their children for Trump Accounts?
No. According to The Hill, the new auto-enrollment rules eliminate the need for parents to sign up for the program themselves.
When did the Treasury Department announce this plan?
The Treasury Department released the new rules on auto enrollment on a Tuesday, according to The Hill's reporting.
Sources · 6 outlet reports
- CNBCCenterTrump Accounts will auto-enroll children, potentially adding 60 million accounts: Treasury
- NewsNationCenterTreasury will now auto-enroll millions of kids in Trump Accounts
- The HillCenterTreasury confirms plan to auto-enroll millions of children in Trump accounts
- The Wall Street JournalCenterTreasury Will Auto-Enroll 60 Million in Trump Accounts
- Just the NewsRight-leaningTreasury says it will auto-enroll millions of children into Trump accounts through new rules
- NewsmaxRight-leaning60 Million Kids to Get Trump Accounts Automatically