Trump accounts automatically enrolled more than 60 million children so far, Treasury says

More than 60 million American children have been automatically enrolled in Trump Accounts, according to the Department of the Treasury. 

The Treasury proposed regulations on Tuesday to begin the automatic enrollments this week. By Thursday, that process was completed, CNBC reported. 

Trump Accounts officially launched on July 4, and all children under 18 with a valid Social Security number are eligible.

As part of a pilot program, children born between 2025 and 2028 may claim a one-time $1,000 contribution from the Treasury.  The Treasury will also allow stock donations to Trump Accounts, according to temporary regulations published this week.