A bill to provide for the automatic establishment of Trump accounts using information collected under the Enumeration at Birth Program of the Social Security Administration.
Sponsored By: Senator Capito, Shelley Moore [R-WV]
Introduced
Summary
Creates an automatic "Trump account" for each newborn by linking Social Security birth records to Treasury account setup. It would require the Social Security Administration to modify its Enumeration at Birth program to collect and transmit the information needed to the Treasury. The Treasury Secretary would then establish a Trump account, as defined in Internal Revenue Code section 530A, for every newborn for whom that information is provided.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Automatic tax accounts for newborns
This bill would require the Commissioner of Social Security, working with the Treasury Secretary, to change the SSA Enumeration at Birth Program to collect and send the information needed to open "Trump accounts" under Internal Revenue Code section 530A. The Treasury Secretary would be required to open a Trump account for each newborn whose information is sent. The bill does not set account balances, funding sources, timelines, or other account rules. If enacted, families with newborns in the SSA system would have a Trump account automatically created for their child.
Sponsors & CoSponsors
Sponsor
Capito, Shelley Moore [R-WV]
WV • R
Cosponsors
Sen. Justice, James C. [R-WV]
WV • R
Sponsored 8/5/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov