The U.S. Treasury Department will automatically create Trump Accounts for up to 60 million eligible children starting October 1, eliminating the previous requirement for parents to manually enroll. The tax-deferred accounts offer a $1,000 government seed contribution for children born between January 1, 2025, and December 31, 2028, with donors able to contribute up to $5,000 annually, potentially generating billions in contributions across tens of millions of accounts.