Departments Issue Notice of Hearing on Eligible Investments for Trump Accounts

Published November 03, 2026

The U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued a notice of a virtual hearing on the proposed rules that provided guidance on eligible investments for Trump accounts. The public hearing is being held on December 16, 2026, at 10 a.m. Eastern Time (ET). 

Requests to speak and outlines of topics to be discussed at the public hearing must be received by November 17, 2026. If no outlines are received by November 17, 2026, the public hearing will be cancelled. Requests to attend the public hearing must be received by 5 p.m. ET on December 11, 2026.

(Updated November 3, 2026)

The U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued a proposed rule providing guidance on the types of mutual funds and exchange-traded funds that will be eligible investments for Trump accounts. These are the only assets in which Trump account funds may be invested before the first day of the calendar year in which the account beneficiary turns 18.


The proposed rule affects account beneficiaries and trustees of Trump accounts, and establishes a framework for the designation of eligible investments for future Trump account trustees, including rollover trustees. Under the framework, an eligible index must be designed primarily to measure the performance of a broad segment of the U.S. or global equity market using objective financial criteria.

The guidance includes:

  • Proposed definitions related to eligible investments, 
  • Rules for determining whether an investment is an eligible investment, and
  • Rules on how a trustee of a Trump account ensures that a Trump account meets requirements concerning eligible investments. 

Comments are due October 20, 2026.

(Posted August 21, 2026)