Agency Information Collection Activities; Proposed Collection; Comment Request; Trump Accounts Qualified Class Contribution Application
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 t...
Departmental Offices, U.S. Department of the Treasury.
ACTION:
Notice of information collection; request for comment.
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
PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be obtained from Spencer W. Clark by emailing
PRA@treasury.gov, calling (202) 927-5331, or viewing the entire information collection request at
www.reginfo.gov.
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.
www.reginfo.gov
Public Law 119-21