Federal Register #CC-00226466-26

IRS Proposed Regulations for Trump Accounts

The Treasury Department’s Internal Revenue Service is proposing rules governing Trump accounts; this notice is a regulatory action, not a procurement opportunity. - Government buyer: U.S. Department of the Treasury, Internal Revenue Service (IRS). - Proposed requirements cover general rules for Trump accounts, including initial account establishment and automatic enrollment by the Secretary of the Treasury. - The proposal addresses qualified general contributions, including qualified stock contributions, and withdraws and reproposes prior regulations on elections to establish an initial account. - Affected parties include account trustees, beneficiaries, responsible parties, and eligible donors. - No OEMs, vendors, products, quantities, or procurement services are identified.

Description

The proposed regulations address general requirements for Trump accounts, the establishment of initial accounts—including automatic enrollment by the Secretary of the Treasury—and qualified general contributions, including qualified stock contributions. They also withdraw and repropose regulations concerning the election to establish an initial Trump account. The regulations would affect trustees, account beneficiaries, responsible parties, and eligible donors funding qualified general contributions. Comments and requests for a public hearing are due by November 30, 2026.

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