Trump Accounts have auto-enrolled more than 60 million children, Treasury says

More than 60 million American children under age 18 have been automatically enrolled in Trump Accounts , the U.S. Department of the Treasury said Thursday in an announcement exclusively provided to CNBC. The Treasury proposed regulations on Tuesday to begin the auto-enrollment process for millions of children this week. By Thursday, the process had been completed, according to the agency. Trump Accounts, also known as 530A accounts, officially launched on July 4 and are open to any U.S. child under 18 with a Social Security number. Children born from 2025 through 2028 may also claim a one-time $ 1,000 pilot program contribution from the Treasury. "Millions of children have already enrolled in Trump Accounts.