Agency Information Collection Activities; Proposed Collection; Comment Request; Trump Accounts Qualified Class Contribution Application

Issuing agencies

Abstract

The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to comment on the proposed information collection listed below, in accordance with the Paperwork Reduction Act of 1995.

Full Text

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<title>Federal Register, Volume 91 Issue 204 (Friday, October 23, 2026)</title>
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[Federal Register Volume 91, Number 204 (Friday, October 23, 2026)]
[Notices]
[Page 66946]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-21643]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Proposed Collection; 
Comment Request; Trump Accounts Qualified Class Contribution 
Application

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice of information collection; request for comment.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other federal agencies to comment on the proposed 
information collection listed below, in accordance with the Paperwork 
Reduction Act of 1995.

DATES: Written comments must be received on or before December 22, 
2026.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to U.S. Department of the Treasury, Attention: 
Treasury PRA Clearance Officer, 1500 Suite #8100, JBAB, 250 Murray Lane 
SW, BLDG 410/Door 123, Washington, DC 20222, or email at 
<a href="/cdn-cgi/l/email-protection#8ddddfcccdf9ffe8ecfef8fff4a3eae2fb"><span class="__cf_email__" data-cfemail="7c2c2e3d3c080e191d0f090e05521b130a">[email&#160;protected]</span></a>.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Spencer W. Clark by emailing <a href="/cdn-cgi/l/email-protection#28787a69685c5a4d495b5d5a51064f475e"><span class="__cf_email__" data-cfemail="c191938081b5b3a4a0b2b4b3b8efa6aeb7">[email&#160;protected]</span></a>, calling 
(202) 927-5331, or viewing the entire information collection request at 
<a href="http://www.reginfo.gov">www.reginfo.gov</a>.

SUPPLEMENTARY INFORMATION: 
    Title: Trump Accounts Qualified Class Contribution Application.
    OMB Control Number: 1505-0285.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Section 70204 of the One, Big, Beautiful Bill Act 
(OBBBA), Public Law 119-21, added section 530A and related provisions 
to the Internal Revenue Code (IRC), establishing Trump Accounts as a 
new category of traditional individual retirement account for eligible 
individuals under age 18. IRC section 530A(f) authorizes certain 
governmental entities and organizations described in section 501(c)(3) 
to make donor contributions benefiting Trump Account beneficiaries 
under specified statutory conditions. The statute authorizes multiple 
contribution structures, including: contributions benefiting all 
eligible Trump Account beneficiaries nationwide and contributions 
benefiting statutorily permitted qualified classes, including specified 
birth-year classes and statewide classes. Treasury is responsible for 
administering these contribution structures, including reviewing donor 
eligibility, validating contribution structures, coordinating receipt 
and distribution of funds, and ensuring compliance with statutory 
limitations and operational requirements. This information collection 
request (ICR) covers the reporting burden associated with preparing and 
submitting the application. The information will also be used to 
support execution of contribution agreements between Treasury and 
approved donor entities.
    Form: Trump Accounts Qualified Class Contribution Application.
    Affected Public: Businesses or other for-profits, Not-for-profit 
Institutions, Individuals and households, State and Local Governments.
    Estimated Number of Respondents: 100.
    Frequency of Response: Once.
    Estimated Total Number of Annual Responses: 100.
    Estimated Time per Response: 30 minutes.
    Estimated Total Annual Burden Hours: 50.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and included in the request for Office of Management 
and Budget approval. All comments will become a matter of public 
record. Comments are invited on: (a) whether the collection of 
information is necessary for the proper performance of the functions of 
the agency, including whether the information shall have practical 
utility; (b) the accuracy of the agency's estimate of the burden of the 
collection of information; (c) ways to enhance the quality, utility, 
and clarity of the information to be collected; (d) ways to minimize 
the burden of the collection of information on respondents, including 
through the use of technology; and (e) estimates of capital or start-up 
costs and costs of operation, maintenance, and purchase of services 
required to provide information.

(Authority: 44 U.S.C. 3501 et seq.)

Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2026-21643 Filed 10-22-26; 8:45 am]
BILLING CODE 4810-AK-P


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