Trump Accounts expand to millions of children, but new rules raise questions
Summary
The Treasury Department has opened Trump Accounts for over 60 million eligible children automatically. New rules mean donors can give stocks that families cannot refuse and must hold for five years.Key Facts
- Trump Accounts have been created for every eligible child, totaling more than 60 million accounts.
- The accounts are set up automatically by the Treasury Department.
- Donors can now give individual stocks instead of just cash.
- Families cannot pick or reject the stocks donated to their accounts.
- The donated stocks must be held in the account for at least five years.
- These changes are part of an expansion and update to the Trump Accounts program.
- The topic was discussed in detail by Amna Nawaz and Wall Street Journal reporter Richard Rubin.
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