Trump accounts sign up 5 million kids, with 1.2 million eligible for $1,000 seed money, Bessent says
Cătălin Roșioru
Trump accounts have signed up 5 million children, and 1.2 million are eligible for a $1,000 pilot program contribution, Treasury Secretary Scott Bessent said during CNBC's Invest in America Forum on Wednesday. Enacted via President Donald Trump 's "big beautiful bill," the new tax-deferred investing accounts for children will officially launch on July 4. While all U.S. children under age 18 with a Social Security number can open a Trump account, the $1,000 Treasury seed money is available to
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