The Social Security Administration announced Friday that parents will soon be able to enroll newborns in the new Trump Accounts program through the same paperwork used to obtain a Social Security number at birth, simplifying the process as the first federal deposits begin reaching eligible accounts.

Beginning next week, the agency will revise its instructions to hospitals and coordinate with states to update the Enumeration at Birth forms, allowing parents who apply for a Social Security number for their newborn to automatically initiate the creation of a Trump Account at the same time.

The Enumeration at Birth system, which has been in use since 1987, is the primary method by which American newborns receive Social Security numbers. By integrating Trump Account enrollment into that existing process, officials say parents will no longer need to complete a separate application.

Social Security Commissioner Frank J. Bisignano said the streamlined enrollment process is a key part of the program’s implementation.

“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,” he said in the announcement.

The investment accounts were established under the One Big Beautiful Bill Act, signed into law by President Donald Trump on July 4, 2025. Designed as custodial investment accounts similar to retirement savings plans, they are available for children under the age of 18.

Children born in the United States between January 1, 2025, and December 31, 2028, who are U.S. citizens and have valid Social Security numbers are eligible to receive a one-time $1,000 contribution from the U.S. Treasury.

In addition to the government’s initial deposit, families, employers, relatives, and charitable organizations may collectively contribute up to $5,000 each year. The funds are invested in low-cost U.S. stock index funds and generally remain inaccessible until the child reaches age 18.

Ahead of the official rollout, President Trump announced on Truth Social that demand for the program had already exceeded 6 million account requests. He also revealed that the Treasury Department will now permit publicly traded stock to be donated to Trump Accounts.

“This opens the door for GREAT American Businesses, Philanthropists, and Job Creators to invest directly in the future of our children, and help build a Generation of Savers, Investors, and Owners,” he wrote.

Parents of children who have already been born may still open a Trump Account by visiting TrumpAccounts.gov and submitting IRS Form 4547. The new Social Security enrollment process is intended to automatically register future newborns at birth, eliminating the need for parents to complete a second application later.

Eligible children whose accounts have already been established began receiving the $1,000 Treasury contribution today.

{Matzav.com}