The U.S. Treasury Department will automatically open "Trump Accounts" for 60 million children, effective as early as this week.
The U.S. Treasury Department on Tuesday unveiled rules to automatically open new government "Trump Accounts" for over 60 million children under 18, effective as early as this week. This move replaces the previous structure, which required parents or guardians to register, and aims to ensure broader use of child investment accounts, allowing large donations, such as the $6.25 billion pledged by wealthy donors like Michael Dell, to benefit more families.
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