Automatically establish Trump accounts for newborns using Social Security data.

The bill mandates the automatic creation of Trump accounts for newborns, utilizing information gathered under the Enumeration at Birth Program of the Social Security Administration. It directs the Commissioner of Social Security to modify this program to collect necessary data for the Secretary of the Treasury to establish these accounts. The term "Trump account" is defined under section 530A of the Internal Revenue Code of 1986.

Automatically establish Trump accounts for newborns using Social Security data.

The bill mandates the automatic creation of Trump accounts for newborns, utilizing information gathered under the Enumeration at Birth Program of the Social Security Administration. It directs the Commissioner of Social Security to modify this program to collect necessary data for the Secretary of the Treasury to establish these accounts. The term "Trump account" is defined under section 530A of the Internal Revenue Code of 1986.