00:00It's Benzinga bringing Wall Street to Main Street
00:02The Treasury Department said Trump accounts will begin automatically enrolling millions
00:06of children as early as October 1 under temporary regulations published Tuesday, according to
00:11CNBC.
00:11The change could add more than 60 million accounts in 2026, after 7 million to 8 million children
00:17had signed up so far.
00:18Treasury Secretary Scott Bessent said enrollment could reach 70 million within a month.
00:23The tax-deferred accounts launched on July 4 and can include a one-time $1,000 Treasury
00:28deposit for children born between 2025 and 2028.
00:32Research shows participation has been low among lower-income families.
00:36Experts said automatic enrollment could expand access, though questions remain about awareness
00:40and the IRS's ability to administer the program.
