Proposed Rule2026-20027
Trump Accounts
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
September 30, 2026
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
This document contains proposed regulations regarding general requirements for Trump accounts, the establishment of an initial Trump account (including automatic enrollment by the Secretary of the Treasury) and qualified general contributions (including qualified stock contributions), which are a special type of contribution made to Trump accounts. This document also withdraws a prior notice of proposed rulemaking (REG-117270-25) containing proposed regulations regarding the election to establish an initial Trump account and reproposes the regulations as CC-00226466-26. These proposed regulations would affect trustees of Trump accounts, account beneficiaries of Trump accounts, responsible parties of Trump accounts, and eligible donors who fund qualified general contributions.
Full Text
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<title>Federal Register, Volume 91 Issue 188 (Wednesday, September 30, 2026)</title>
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[Federal Register Volume 91, Number 188 (Wednesday, September 30, 2026)]
[Proposed Rules]
[Pages 61812-61817]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-20027]
[[Page 61812]]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[CC-00226466-26]
RIN 1545-BR91
Trump Accounts
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice of proposed rulemaking and withdrawal of proposed
rulemaking.
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SUMMARY: This document contains proposed regulations regarding general
requirements for Trump accounts, the establishment of an initial Trump
account (including automatic enrollment by the Secretary of the
Treasury) and qualified general contributions (including qualified
stock contributions), which are a special type of contribution made to
Trump accounts. This document also withdraws a prior notice of proposed
rulemaking (REG-117270-25) containing proposed regulations regarding
the election to establish an initial Trump account and reproposes the
regulations as CC-00226466-26. These proposed regulations would affect
trustees of Trump accounts, account beneficiaries of Trump accounts,
responsible parties of Trump accounts, and eligible donors who fund
qualified general contributions.
DATES: Written or electronic comments and requests for a public
hearing must be received by November 30, 2026.
ADDRESSES: Commenters are strongly encouraged to submit public comments
electronically via the Federal eRulemaking Portal at <a href="https://www.regulations.gov">https://www.regulations.gov</a> (indicate IRS and CC-00226466-26) by following the
online instructions for submitting comments. Requests for a public
hearing must be submitted as prescribed in the ``Comments and Requests
for a Public Hearing'' section. Once submitted to the Federal
eRulemaking Portal, comments cannot be edited or withdrawn. The
Department of the Treasury (Treasury Department) and the IRS will
publish for public availability any comments submitted to the IRS's
public docket. Send paper submissions to: CC:PA:01:PR (CC-00226466-26),
Room 5503, Internal Revenue Service, P.O. Box 7604, Ben Franklin
Station, Washington, DC 20044. A plain language summary of the proposed
regulations will be made available at <a href="https://www.regulations.gov">https://www.regulations.gov</a>.
FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations,
Isaac Stein of the Office of Associate Chief Counsel (Employee
Benefits, Exempt Organizations, and Employment Taxes) at (202) 317-6320
(not a toll-free number); concerning submissions of comments or
requests for a public hearing, Publications and Regulations Section at
(202) 317-6901 (not a toll-free number) or by email to
<a href="/cdn-cgi/l/email-protection#97e7e2f5fbfef4fff2f6e5fef9f0e4d7fee5e4b9f0f8e1"><span class="__cf_email__" data-cfemail="15656077797c767d7074677c7b7266557c67663b727a63">[email protected]</span></a> (preferred).
SUPPLEMENTARY INFORMATION:
Authority
This document contains proposed amendments to the Income Tax
Regulations (26 CFR part 1) that would implement section 530A of the
Internal Revenue Code (the Code). These proposed regulations are issued
under several express delegations of authority. Section 530A(a)
authorizes the Secretary of the Treasury or the Secretary's delegate
(Secretary) to prescribe exceptions to the general rule that a Trump
account shall be treated for purposes of the Code in the same manner as
an individual retirement account (IRA) under section 408(a). Section
530A(b)(1)(A)(i) provides that an individual's first Trump account
(initial Trump account) is to be created or organized by the Secretary.
Section 530A(b)(1)(B) provides that a Trump account must be designated
(in such manner as the Secretary shall prescribe) at the time of the
establishment of the account as a Trump account. Section
530A(b)(2)(C)(i) authorizes the Secretary to make an election to
establish an initial Trump account for an eligible individual.
Section 530A(b)(2)(C)(ii) authorizes the Secretary to prescribe
rules regarding the time and manner for a person other than the
Secretary to make an election to establish an initial Trump account for
an eligible individual. Section 530A(f)(1)(A) defines a qualified
general contribution as a contribution made by the Secretary pursuant
to a general funding contribution. Section 530A(f)(3)(B) provides that
a `qualified geographic area' is any geographic area in which not less
than 5,000 account beneficiaries reside and which is designated by the
Secretary as a qualified geographic area. Section 530A(i)(1) provides,
in relevant part, that the trustee of a Trump account will make reports
to the Secretary and to the beneficiary, at such time and in such
manner as may be required by the Secretary, with respect to such
matters as the Secretary may require. Section 408(a)(2) authorizes the
Secretary to approve as a nonbank trustee for an IRA a person who
demonstrates to the satisfaction of the Secretary that the manner in
which such other person will administer the trust will be consistent
with the requirements of section 408. Section 7805(a) authorizes the
Secretary to prescribe all needful rules and regulations for the
enforcement of the Code, including all rules and regulations as may be
necessary by reason of any alteration of law in relation to internal
revenue.
Background and Explanation of Provisions
I. Overview
Temporary regulations in the Rules and Regulations section of this
issue of the Federal Register add Sec. Sec. 1.530A-1T and 1.530A-7T to
the Income Tax Regulations (26 CFR part 1) (temporary regulations). The
temporary regulations address the establishment of an initial Trump
account (including auto enrollment by the Secretary) and qualified
general contributions (including qualified stock contributions), which
are a special type of contribution made to Trump accounts. Except for
the applicability provisions, the text of the temporary regulations
also serves as the text of these proposed regulations. The preamble to
the temporary regulations explains the background and amendments.
II. Prior Sec. 1.530A-1 NPRM
On March 9, 2026, the Treasury Department and the IRS published a
notice of proposed rulemaking (NPRM) (REG-117270-25) in the Federal
Register (91 FR 11194) containing proposed regulations (Sec. Sec.
1.530A-1 through 1.530A-6) that would provide guidance on making an
election to establish a Trump account and reserve additional sections
for further guidance on Trump accounts (prior Sec. 1.530A-1 NPRM).
Under the prior Sec. 1.530A-1 NPRM (91 FR at 11196), elections to
establish an initial Trump account generally would be made by persons
other than the Secretary pursuant to section 530A(b)(2)(C)(ii).
Although the prior Sec. 1.530A-1 NPRM acknowledged that section
530A(b)(2)(C)(i) authorizes the Secretary to make an election to
establish an initial Trump account, those proposed regulations
contemplated that the Secretary's exercise of that authority would be
limited to instances in which the Secretary is deemed to have made an
election when an election was submitted by a person who was not
authorized to make the election (91 FR
[[Page 61813]]
at 11197). That proposed approach reflected the need to issue the
proposed regulations promptly in order to implement Trump accounts by
the July 4, 2026, date on which contributions could first be made.
Given the limited time available, the Treasury Department and the IRS
were unable to fully resolve the legal and administrative issues
associated with implementing broad automatic enrollment, including the
need to prevent the unauthorized disclosure of return information.
Many commenters expressed strong support for auto enrollment of
initial Trump accounts. Commenters urged the Secretary to make an
election for each individual who satisfies the statutory age and social
security number requirements, using information available from tax
returns, Social Security Administration records, and other authorized
sources. Commenters stated that requiring an affirmative election by a
person other than the Secretary would reduce participation,
particularly among nonfilers, families unfamiliar with tax procedures,
and families with limited time or resources to complete a separate
enrollment process. Commenters also stated that an eligible individual
should not lose the opportunity to receive contributions or investment
growth merely because no adult completed an election.
Following the publication of the prior Sec. 1.530A-1 NPRM, and
after considering the public comments supporting automatic enrollment,
the Treasury Department and the IRS further considered how to address
the legal and operational issues identified in that NPRM. In
coordination with the Treasury Department's financial agent and other
governmental agencies, the Treasury Department and the IRS have
identified an administrable structure under which the Secretary can
make elections for eligible individuals while preserving separate IRA
ownership and protecting return information from disclosure. This
change in approach therefore reflects the development of a different
administrative structure, rather than a change in the Treasury
Department and the IRS's interpretation of the authority conferred by
section 530A(b)(2)(C)(i).
Under this structure, a separate initial Trump account is
established for each eligible individual pursuant to a separate written
governing instrument, and separate account-level records are maintained
for each account, which are referred to as auto accounts. Contributions
are received and recorded by the individual auto account, and the
assets attributable to auto accounts are invested collectively through
a master group trust that is intended to satisfy the applicable
requirements of Rev. Rul. 81-100, as modified. Each auto account holds
an undivided proportionate beneficial interest in the investments held
through the master group trust that are attributable to contributions
allocated to qualified classes of which the account beneficiary was a
member and any $1,000 pilot program contribution made to that account,
and records maintained for the Trump accounts program identify the
assets attributable to each auto account. The structure thus combines
separate account ownership and account-level recordkeeping with
collective investment and administration.
The master group trust addresses the concerns reflected in the
prior Sec. 1.530A-1 NPRM about disclosure of return information
because investments are held and administered at the master-group-trust
level. Thus, the trustee of the master group trust can execute
transactions for the trust without receiving or disclosing account-
identifying return information for each account beneficiary in
connection with each transaction. Return information used to identify
eligible individuals and establish auto accounts is retained in a
safeguarded environment by the Secretary and his financial agent
authorized to receive that information on the Secretary's behalf.
In addition, a person seeking to claim an auto account must
independently submit the information required by the Secretary,
authenticate the person's identity, establish the person's legal
authority to act with respect to the account and to receive the account
beneficiary's return information, and execute any consent required for
disclosures necessary to process the claim and transfer the account
balance. This process permits an authorized person to claim and control
the account without disclosing protected account information before the
person's legal authority to that information has been established.
Accordingly, after considering the comments and developing this new
administrable structure, the Treasury Department and the IRS are
withdrawing the prior Sec. 1.530A-1 NPRM and issuing these proposed
regulations.
III. Requests for Comments
A. Request for Comments Regarding Qualified ABLE Rollover Contributions
From Auto Accounts
Under section 530A(d), the general prohibition on distributions
from a Trump account during the growth period does not apply to
qualified ABLE rollover contributions. Section 530A(d)(4) defines a
qualified ABLE rollover contribution as an amount paid during the
calendar year in which the account beneficiary attains age 17 in a
direct trustee-to-trustee transfer from a Trump account maintained for
the account beneficiary to an ABLE account under section 529A(e)(6) \1\
maintained for the same account beneficiary. The transferred amount
must equal the entire balance of the Trump account.
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\1\ Section 529A was enacted by the Stephen Beck, Jr., Achieving
a Better Life Experience Act of 2014, which was enacted as part of
the Tax Increase Prevention Act of 2014, Public Law 113-295 (128
Stat. 4010).
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An auto account presents administrative issues in implementing
section 530A(d)(4). Before an auto account is claimed, the Secretary is
the responsible party for the account. The Secretary generally will not
know whether the account beneficiary is eligible to establish an ABLE
account, whether an ABLE account has been established for the account
beneficiary, or who has authority to act with respect to that ABLE
account. In addition, because the qualified ABLE rollover contribution
must be completed during the calendar year in which the account
beneficiary attains age 17, the process must allow sufficient time to
verify the request, coordinate with the receiving qualified ABLE
program, and complete the trustee-to-trustee transfer before the end of
that calendar year.
The Treasury Department and the IRS are considering a procedure
under which an account beneficiary who has legal capacity or another
person with appropriate authority could request a qualified ABLE
rollover contribution from an auto account. One possible approach would
permit the request to be made as part of the process for claiming the
auto account (whether by the person with signature authority over the
account beneficiary's existing ABLE account or some other person), with
the entire balance transferred directly from the auto account to an
existing ABLE account during the calendar year in which an account
beneficiary attains age 17. A second approach would require the auto
account first to be claimed and the assets transferred to a claimed
initial Trump account or rollover Trump account, after which the
responsible party for that account could direct a qualified ABLE
rollover contribution. Comments are requested on which approach would
best facilitate the completion of a qualified ABLE rollover
contribution within the statutory period while protecting the account
beneficiary and permitting efficient administration.
[[Page 61814]]
In particular, comments are requested on whether a direct transfer from
an auto account to an existing ABLE account should be incorporated into
the auto-account claim process or should be made available through a
separate process.
Comments also are requested on who should be permitted to request
the transfer and what evidence should be required to establish that
person's authority, including whether qualified ABLE programs should
have an affirmative obligation to develop policies and procedures to
ensure that auto account assets are identified and rolled over to
qualified ABLE accounts for auto account beneficiaries before the
statutory deadline for a qualified ABLE rollover contribution has
lapsed.
B. Request for Comments Regarding Qualified Geographic Areas
Section 530A(f)(1) requires, in part, that a contribution be made
to the Trump account of an account beneficiary in a qualified class of
account beneficiaries specified in the general funding contribution.
Section 530A(f)(3)(A)(ii) defines a qualified class as including a
class of all account beneficiaries who are in their growth period when
the contribution is made, and who reside in one or more States or other
qualified geographic areas specified by the terms of the general
funding contribution. Section 530A(f)(3)(B) defines a qualified
geographic area as any geographic area in which not less than 5,000
account beneficiaries reside and which is designated by the Secretary
as a qualified geographic area.
The Treasury Department and the IRS are considering how to
designate qualified geographic areas using objective standards. Under
the procedure being considered, a qualified geographic area must be
constructed from United States Postal Service five-digit ZIP codes. An
eligible donor would propose a geographic area by providing a list of
one or more five-digit ZIP codes. A proposed geographic area would be
designated as a qualified geographic area if at least 5,000 account
beneficiaries in their growth period reside in the area and at least
one of the following two conditions is met: (1) all included ZIP codes
are contiguous and do not enclose excluded ZIP codes, or (2) all
included ZIP codes correspond to ZIP Code Tabulation Areas that have a
median household income below the threshold income for highly
compensated employees in section 414(q), as indexed for inflation in
the year of the contribution, according to the U.S. Census Bureau.
Comments are requested on all aspects of this procedure, as well as
alternatives with administrable, objective criteria.
C. Request for Comments on Exceptions to the Minimum Holding Period
Requirement
The Treasury Department and the IRS request comments on whether,
and under what circumstances, narrowly tailored exceptions to the
minimum holding period requirement should apply when continued
ownership of Qualified Stock would create a legal or ethics conflict.
Comments are requested on the certification and documentation that
should be required to substantiate an exception and on appropriate
safeguards to prevent avoidance of the minimum holding period
requirement or other abuse.
D. Request for Comments Regarding Disclaimers of Trump Accounts
The Treasury Department and the IRS are considering providing a
procedure under which an account beneficiary or a person authorized
under applicable local law to make a disclaimer on behalf of the
account beneficiary may be eligible to disclaim the account
beneficiary's entire interest in an auto account in the form and manner
prescribed by the Secretary in applicable instructions.
A disclaimer of an auto account would be permitted only if the auto
account has not been claimed, the auto account has not received a
$1,000 pilot program contribution under section 6434, and the account
beneficiary has attained age 18. The Secretary must receive the
disclaimer no later than nine months after the date the account
beneficiary attains age 21, and the disclaimer must otherwise satisfy
the requirements of a qualified disclaimer under section 2518.
Upon making an auto account disclaimer, the account beneficiary
would no longer have any rights with respect to the auto account.
Comments are requested on the disposition of the disclaimed interest,
including how to ensure that the interest passes without direction by
the disclaimant to a person other than the disclaimant, as required by
section 2518(b)(4).
In addition, the Treasury Department and the IRS have considered
whether this proposed disclaimer rule should be broadened also to apply
to all Trump accounts, instead of only to unclaimed auto accounts.
Comments are requested on this issue, and on what other issues would
need to be addressed in the event of such an expansion of the proposed
disclaimer rule (such as, for example, what would or would not be
considered to be an acceptance of the account, and whether partial
disclaimers would be permitted).
Comments also are requested on the notice, if any, that should be
provided to the account beneficiary before any disclaimer period
expires. Comments should address the appropriate method and timing of
notice, the information that may be disclosed consistently with section
6103, and whether the notice should describe potential consequences
under section 2518 and means-tested benefit programs without providing
individualized legal advice.
Proposed Applicability Date
Proposed Sec. Sec. 1.530A-1 and 1.530A-7 would apply to taxable
years beginning on or after the date the Treasury decision adopting
these regulations as final regulations is published in the Federal
Register. Taxpayers may not rely on these proposed regulations. See
Sec. Sec. 1.530A-1T and 1.530A-7T.
Special Analyses
I. Regulatory Planning and Review
The Regulatory Planning and Review section in the Special Analyses
part of the preamble to the temporary regulations provides the relevant
discussion.
II. Paperwork Reduction Act
The Paperwork Reduction Act of 1995 (44 U.S.C. 3501-3520) generally
requires that a Federal agency obtain the approval of the Office of
Management and Budget (OMB) before collecting information from the
public, whether such collection of information is mandatory, voluntary,
or required to obtain or retain a benefit. An agency may not conduct or
sponsor, and a person is not required to respond to, a collection of
information unless the collection of information displays a valid
control number.
The collections of information in these proposed regulations
contain reporting, third-party disclosure and recordkeeping
requirements that are necessary for Trump account enrollment. These
collections of information generally would be used by the Secretary to
automatically enroll beneficiaries into Trump accounts.
The proposed regulations mention reporting requirements for making
elections for Trump accounts by a person other than the Secretary, as
detailed in 26 CFR 1.530A-1(d)(1)(ii). This reporting requirement is
already approved by the OMB under OMB Control Number 1545-2336 and is
not being revised by this proposed regulation.
[[Page 61815]]
The proposed regulations mention reporting requirements for filing
a general funding contribution request and entering into a Treasury
acceptance agreement, as detailed in 26 CFR 1.530A-7(c)(2). This
reporting requirement is already approved by the OMB under OMB Control
Number 1505-0285 and is not being revised by this proposed regulation.
The proposed regulations include reporting by account beneficiaries
or responsible parties and third-party disclosures and associated
recordkeeping requirements from trustees to account beneficiaries or
responsible parties. These collections of information are necessary to
allow account beneficiaries or responsible parties to claim accounts,
and to inform account beneficiaries or responsible parties of any
required sales and reinvestments related to qualified stock. IRS
anticipates that the likely respondents are individuals, responsible
parties, businesses, and for-profit organizations (trustees).
Table 1 provides a high-level description of the collection
requirements created or changed within this regulation, and the
regulatory sections that detail these requirements. Table 2 provides
the estimated burden placed on respondents for each collection
requirement. These collection requirements were approved by the OMB
under OMB Control Number 1545-2336 pursuant to the emergency procedures
in 5 CFR 1320.13.
Table 1--Description of Collections
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Regulatory section
OMB control No. Collection type New or revised Description with additional
collection details
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1545-2336........... Third-party New................... Claiming an auto account 26 CFR 1.530A-1(f).
Disclosure and
Recordkeeping.
1545-2336........... Third-party New................... Beneficiary disclosure 26 CFR 1.530A-
Disclosure and when stock held in a 7(d)(5), (d)(6).
Recordkeeping. Trump account is either
de-listed from a
national securities
exchange or generates
property that is not
successor qualified
stock.
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Table 2--Estimated Burden
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Estimated
Estimated Estimated average annual Estimated
Collection number of frequency of burden per total annual
respondents responses response burden hours
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26 CFR 1.530A-1(f).............................. 63,360,000 1 6 6,336,000
26 CFR 1.530A-7(d)(5), (d)(6)................... 5 27,717 1 2,310
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III. Regulatory Flexibility Act
The Regulatory Flexibility Act (5 U.S.C. 601 et seq.) (RFA) imposes
certain requirements with respect to Federal rules that are subject to
the notice and comment requirements of section 553(b) of the
Administrative Procedure Act (5 U.S.C. 551 et seq.) and that are likely
to have a significant economic impact on a substantial number of small
entities. Unless an agency determines that a proposal is not likely to
have a significant economic impact on a substantial number of small
entities, section 603 of the RFA requires the agency to present an
initial regulatory flexibility analysis (IRFA) of the proposed rule.
The Treasury Department and the IRS have not determined whether the
proposed rule, when finalized, will likely have a significant economic
impact on a substantial number of small entities. This determination
requires further study. However, because there is a possibility of
significant economic impact on a substantial number of small entities,
an IRFA is provided in these proposed regulations. The Treasury
Department and the IRS invite comments on both the number of entities
affected and the economic impact on small entities.
Pursuant to section 7805(f), this notice of proposed rulemaking has
been submitted to the Chief Counsel for Advocacy of the Small Business
Administration for comment on its impact on small business.
1. Need for and Objectives of the Rule
The proposed regulations would provide greater access to Trump
accounts under section 530A for children who are beneficiaries of Trump
accounts; clarity to taxpayers that intend to take advantage of Trump
accounts; and clarity to Trump account trustees regarding contributions
to these accounts, including qualified general contributions and
qualified stock contributions. The proposed regulations are necessary
to implement both automatic enrollment of children into Trump accounts
and a framework for private donors to make contributions to Trump
accounts for a qualified class.
In particular, section 530A provides that a Trump account may be
created or organized by the Secretary, and the proposed regulations
implement the automatic enrollment of children into Trump accounts,
which has been requested by both the Administration and outside
stakeholders. These groups have also requested clarity on rules
relating to qualified general contributions, so that eligible donors
may fund these contributions for Trump accounts. Section 530A provides
that qualified general contributions are contributions made by the
Secretary pursuant to a general funding contribution, and the proposed
regulations would provide rules on how qualified general contributions,
including qualified stock contributions, may be made. The proposed
regulations would also provide certainty regarding required trustee
action, including disclosures to beneficiaries, when Trump accounts
contain assets that are not eligible investments.
2. Affected Small Entities
The RFA directs agencies to provide a description of, and where
feasible, an estimate of, the number of small entities that may be
affected by the proposed rules, if adopted. The Small Business
Administration's Office of Advocacy estimates in its 2023 Frequently
Asked Questions that 99.9 percent of American businesses meet its
definition of a small business. The applicability of these
[[Page 61816]]
proposed regulations does not depend on the size of the business, as
defined by the Small Business Administration. These proposed
regulations would affect small businesses that are trustees of Trump
accounts. The Treasury Department and the IRS estimate that the total
anticipated future number of Trump account trustees will be 4,600.
Although there is uncertainty as to the exact number of small
businesses within this group, the number is estimated to be 2,740.
The Treasury Department and the IRS expect to receive more
information on the impact on small businesses through comments on this
proposed rule and when taxpayers start to claim and administer Trump
accounts using the guidance and procedures provided in these proposed
regulations.
3. Impact of the Rules
The proposed regulations would provide definitions and rules
regarding the election to open Trump accounts (including claiming auto
accounts) and contributions to Trump accounts. Taxpayers that are
trustees of Trump accounts will have administrative costs related to
reading and understanding the rules as well as recordkeeping and
reporting requirements. First, responsible parties claiming auto
accounts will result in more Trump accounts managed by trustees,
leading to higher administrative costs for the trustees. In addition,
Trump account trustees must provide a disclosure to a beneficiary
regarding the investment of assets when stock held in a Trump account
is either de-listed from a national securities exchange or when a Trump
account receives cash or other property that is not successor qualified
stock. The costs associated with these notifications will vary across
different-sized entities.
Although the Treasury Department and the IRS do not have sufficient
data to determine precisely the likely extent of the increased costs of
compliance, the estimated burden of complying with the recordkeeping
and reporting requirements is described in the Paperwork Reduction Act
section of the preamble.
4. Alternatives Considered
The Treasury Department and the IRS considered alternatives to the
proposed regulations. For example, the Treasury Department and the IRS
considered not enabling the automatic enrollment of children into Trump
accounts and requiring that all elections to open Trump accounts be
made by an election on Form 4547. However, the Treasury Department and
the IRS decided that automatic enrollment of children into Trump
accounts would result in a significant public benefit (that millions of
children will have Trump accounts to receive contributions, including
qualified general contributions), and is both administratively feasible
and necessary to respond to demand for automatic enrollment from the
public.
Comments are requested on the requirements in the proposed
regulations, including qualified ABLE rollover contributions from auto
accounts, qualified geographic areas (which are relevant to the
requirements for qualified general contributions), and whether an
account beneficiary should be allowed to disclaim an auto account.
5. Duplicative, Overlapping, or Conflicting Federal Rules
The proposed regulations would not duplicate, overlap, or conflict
with any relevant Federal rules. The proposed regulations would merely
provide procedures, definitions, and requirements to allow eligible
Trump account beneficiaries to be enrolled automatically in Trump
accounts, and for taxpayers to make contributions to these accounts.
IV. Unfunded Mandates Reform Act
Section 202 of the Unfunded Mandates Reform Act of 1995 (UMRA)
requires that agencies assess anticipated costs and benefits and take
certain other actions before issuing a final rule that includes any
Federal mandate that may result in expenditures in any one year by a
State, local, or Tribal government, in the aggregate, or by the private
sector, of $100 million in 1995 dollars, updated annually for
inflation. These proposed regulations do not include any Federal
mandate that may result in expenditures by State, local, or Tribal
governments, or by the private sector in excess of that threshold.
V. Executive Order 13132: Federalism
Executive Order 13132 (Federalism) prohibits an agency from
publishing any rule that has federalism implications if the rule either
imposes substantial, direct compliance costs on State and local
governments, and is not required by statute, or preempts State law,
unless the agency meets the consultation and funding requirements of
section 6 of the Executive order. These proposed regulations do not
have federalism implications and do not impose substantial direct
compliance costs on State and local governments or preempt State law
within the meaning of the Executive order.
VI. Small Business Administration
Pursuant to section 7805(f) of the Code, these proposed regulations
have been submitted to the Chief Counsel for Advocacy of the Small
Business Administration for comment on their impact on small business.
Comments and Requests for a Public Hearing
Before these proposed regulations are adopted as final regulations,
consideration will be given to comments that are submitted timely to
the IRS as prescribed in the preamble under the ADDRESSES heading. The
Treasury Department and the IRS request comments on all aspects of the
proposed regulations. Any comments will be made available at <a href="https://www.regulations.gov">https://www.regulations.gov</a> or upon request.
A public hearing will be scheduled if requested in writing by any
person that timely submits electronic or written comments. Requests for
a public hearing are encouraged to be made electronically. If a public
hearing is scheduled, a notice of the date, time, and place for the
public hearing will be published in the Federal Register.
Statement of Availability of IRS Documents
Revenue Rulings, Revenue Procedures, Notices, and other guidance
cited in this document are published in the Internal Revenue Bulletin
(or Cumulative Bulletin) and are available from the Superintendent of
Documents, U.S. Government Publishing Office, Washington, DC 20402, or
by visiting the IRS website at <a href="https://www.irs.gov">https://www.irs.gov</a>.
Drafting Information
The principal author of these proposed regulations is Isaac Stein
of the Office of Associate Chief Counsel (Employee Benefits, Exempt
Organizations, and Employment Taxes). Other personnel from the Treasury
Department and the IRS participated in their development.
List of Subjects in 26 CFR Part 1
Income taxes and reporting and recordkeeping requirements.
Withdrawal of Proposed Amendments to the Regulations
Under the authority of 26 U.S.C. 7805, the notice of proposed
rulemaking (REG-117270-25) that was published in the Federal Register
on March 9, 2026 (91 FR 11194), is withdrawn.
[[Page 61817]]
Proposed Amendments to the Regulations
Accordingly, the Treasury Department and the IRS propose to amend
26 CFR part 1 as follows:
PART 1--INCOME TAXES
Paragraph 1. The authority citation for part 1 is amended by adding
entries for Sec. Sec. 1.530A-1 and 1.530A-7 in numerical order to
read, in part, as follows:
Authority: 26 U.S.C. 7805 * * *
* * * * *
Section 1.530A-1 is also issued under 26 U.S.C. 408(a)(2),
530A(a), (b)(1)(A)(i), (b)(1)(B), (b)(2)(C)(i), and (b)(2)(C)(ii).
Section 1.530A-7 is also issued under 26 U.S.C. 530A(a),
(f)(1)(A), and (f)(3)(B).
* * * * *
Par. 2. Section 1.530A-1 is added to read as follows:
Sec. 1.530A-1 Trump accounts; general requirements; establishment of
an initial Trump account; auto enrollment and auto accounts.
(a)-(f) [The text of proposed Sec. 1.530A-1(a) through (f) is the
same as the text of Sec. 1.530A-1T(a) through (f) in the temporary
rule published elsewhere in this issue of the Federal Register.]
(g) Applicability date. This section applies to taxable years
beginning on or after the date the Treasury decision adopting this
section as a final regulation is published in the Federal Register.
Sec. 1.530A-2 [Added and Reserved]
Par. 3. Section 1.530A-2 is added and reserved.
Sec. Sec. 1.530A-4 through 1.530A-6 [Added and Reserved]
Par. 4. Sections 1.530A-4 through 1.530A-6 are added and reserved.
Par. 5. Section 1.530A-7 is added to read as follows:
Sec. 1.530A-7 Qualified general contributions and qualified stock
contributions.
(a)-(e) [The text of proposed Sec. 1.530A-7(a) through (e) is the
same as the text of Sec. 1.530A-7T(a) through (e) in the temporary
rule published elsewhere in this issue of the Federal Register.]
(f) Applicability date. This section applies to taxable years
beginning on or after the date the Treasury decision adopting this
section as a final regulation is published in the Federal Register.
Frank J. Bisignano,
Chief Executive Officer.
[FR Doc. 2026-20027 Filed 9-29-26; 8:45 am]
BILLING CODE 4831-GV-P
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