View Information Collection Request (ICR) Package

OMB Control No: 1505-0285	ICR Reference No: 202607-1505-001
Status: Active	Previous ICR Reference No:
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: Trump Accounts Qualified Class Contribution Application
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR: No
Type of Review Request: Emergency	Approval Requested By: 07/02/2026
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/02/2026
	Date Received in OIRA: 07/02/2026
Terms of Clearance: In response to the emergency request memorandum submitted by the Department of the Treasury, OIRA is approving Treasury's request for emergency consideration of the Trump Accounts Qualified Class Contribution Application for a limited period. Prior to the expiration of this package, Treasury must undertake standard notice and comment procedures and describe in its next ICR submission all comments received and the extent to which commenters' recommendations were adopted.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2026	6 Months From Approved
Responses	100	0	0
Time Burden (Hours)	50	0	0
Cost Burden (Dollars)	0	0	0

Abstract: 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.

Emergency Justfication: The Department of the Treasury (“Treasury”) requests emergency processing under the Paperwork Reduction Act (PRA), pursuant to 44 U.S.C. § 3507(j) and 5 C.F.R. § 1320.13, for an information collection associated with implementation of the Trump Accounts program established under sections 530A and 6434 of the Internal Revenue Code, as enacted by Public Law 119-21, commonly known as the One, Big, Beautiful Bill Act (“OBBBA”). Specifically, Treasury requests emergency approval for the Qualified Class Contribution Application for Trump Accounts. This application is necessary to permit eligible governmental entities and qualified nonprofit organizations to submit information required for Treasury to review, validate, accept, administer, and distribute donor contributions to Trump Accounts in accordance with statutory requirements. The collections are needed before completion of normal PRA clearance procedures because Treasury must begin implementation activities for donor contributions on or immediately following the initial rollout of the Trump Accounts program, beginning July 4, 2026. Implementing the qualified class donor contribution process during the program’s initial rollout and public launch is important because awareness, stakeholder engagement, and prospective donor interest are expected to be at their highest during the initial launch period. Delaying implementation for several months while completing the standard PRA process would significantly diminish the opportunity to engage prospective donors, postpone donor participation, delay voluntary donor contributions intended to benefit eligible children, and reduce the period during which those contributions may be invested for long-term growth. The information collections are essential to Treasury’s mission because Treasury is statutorily responsible for administering the Trump Accounts framework established by Congress, including acceptance, administration, and distribution of donor contributions authorized under section 530A(f). Treasury cannot lawfully or operationally administer donor contributions without collecting the information reflected in these applications.

Authorizing Statute(s): PL: Pub.L. 119 - 21 70204 Name of Law: The One, Big, Beautiful Bill Act (OBBBA)

Citations for New Statutory Requirements: PL: Pub.L. 119 - 21 70204 Name of Law: The One, Big, Beautiful Bill Act (OBBBA)

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

Federal Register Notices & Comments
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Trump Accounts Qualified Class Contribution Application	N/A

ICR Summary of Burden

	Total Approved	Change Due to New Statute
Annual Number of Responses	100	100
Annual Time Burden (Hours)	50	50
Annual Cost Burden (Dollars)	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This is new information collection associated with implementation of Internal Revenue Code section 530A(f) and related provisions enacted by OBBBA.

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

Agency Contact: Meglena Hristov 202 622-1337 meglena.hristov@treasury.gov

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