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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.
To provide for the automatic establishment of Trump accounts using information collected under the Enumeration at Birth Program of the Social Security Administration.
Summary
- Requires the Social Security Administration to modify its Enumeration at Birth Program to collect and send information to the Treasury Secretary necessary for establishing Trump accounts for newborn children.
- Requires the Treasury Secretary to automatically establish a Trump account on behalf of each newborn child using information provided by the Social Security Administration.
- Directs the Social Security Administration and Treasury Secretary to coordinate to implement the automatic account establishment process.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
1 cosponsor
Actions (2)
- Aug 5, 2026 Read twice and referred to the Committee on Finance. · senate
- Aug 5, 2026 Introduced in Senate
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE SENATE OF THE UNITED STATES
August 5, 2026
Mrs. Capito (for herself and Mr. Justice) introduced the following bill; which was read twice and referred to the Committee on Finance
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. USE OF SOCIAL SECURITY DATA FOR TRUMP ACCOUNT ENROLLMENT.
(a) Definitions.—In this section:
(1) Secretary.—The term “Secretary” means the Secretary of the Treasury or the Secretary’s delegate.
(2) Trump account.—The term “Trump account” has the meaning given such term under section 530A of the Internal Revenue Code of 1986.
(b) Collection of Information.—The Commissioner of Social Security, in consultation with the Secretary, shall modify the Enumeration at Birth Program of the Social Security Administration to collect and send to the Secretary such information as may be necessary to establish Trump accounts on behalf of newborn children.
(c) Establishment of Account.—The Secretary shall establish a Trump account on behalf of each newborn child with respect to whom information is provided under subsection (b). <all>
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