Internal Revenue Service chief executive officer Frank Bisignano said Thursday he wants every eligible American family to enroll their children in Trump Accounts, outlining a long-term goal of expanding the program to all 70 million children under age 18.
Speaking on CNBC’s Squawk Box, Bisignano said the government is working to simplify enrollment and broaden access through partnerships with tax-preparation companies and banks.
Trump Accounts are tax-deferred investment accounts created under President Donald Trump’s One Big Beautiful Bill Act. Eligible children born between Jan. 1, 2025, and Dec. 31, 2028, receive a one-time $1,000 contribution from the U.S. Treasury, while families, employers and other contributors can add up to $5,000 annually.
Enrollment Push
“We have the ability to enroll people very simply, and I think the objective is to have 70 million children under 18 to have a Trump Account,” Bisignano said.
