Press Release - Friday, July 3, 2026

For Immediate Release

Barton Mackey, Press Officer
press.office@ssa.gov

Social Security Administration to Launch Process to Assist Enrollment in Trump Accounts

Initiative allows newborns to be enrolled in new and streamlined processes

Baltimore, MD - Today, the Social Security Administration (SSA) announced it is launching processes for parents to enroll newborns in Trump Accounts. This automatic system will help ensure that every newborn has the opportunity to benefit from a Trump Account from the start of life. One year ago, on July 4, 2025, President Donald J. Trump signed into law the Working Families Tax Cuts, which created Trump Accounts, a new type of individual retirement account for eligible minors under the age of 18.

"Trump Accounts represent one of the most significant investments in the next generation of Americans in our nation’s history, providing American children with a strong financial footing for the future,” said SSA Commissioner Frank J. Bisignano. “Social Security numbers are the backbone of Trump Accounts, and we will empower parents to enroll their newborns through the Enumeration at Birth program to take full advantage of this program from the day a child is born. This effort aligns with SSA’s mission to provide financial security and support to the American people.”

Starting next week, Social Security will update guidance to hospitals to include Trump Account enrollment information.  SSA will assist the states to modify their existing hospital forms used by parents to apply for Social Security numbers through the Enumeration at Birth (EAB) program to include the automatic creation of a Trump Account. Future Social Security card mailers for newborns will also include information to inform parents about the benefits of Trump Accounts and convenient and streamlined ways to open an account.

Social Security will update its webpages and publications with Trump Account enrollment details. SSA will also work closely with its national network of external partners and stakeholders to disseminate information about Trump Accounts.

Trump Accounts can be established for newborns and children who have a valid Social Security number up until they reach the age of 18. A one-time $1,000 pilot program contribution from the Department of Treasury is available to eligible children born between January 1, 2025, and December 31, 2028, who are U.S. citizens with a valid Social Security number. Six million children have been enrolled in Trump Accounts to date.

On July 4, 2026, children with Trump Accounts who are eligible for the initial $1,000 contribution from the U.S. Government will start receiving the funds in their account. Please visit TrumpAccounts.gov for further information and to create a Trump Account for an eligible child by completing IRS Form 4547.

For more information about Social Security's services, visit www.ssa.gov.

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