But treasury had not, not yet put out any guidance that the Trump accounts could accept single stock gifts. So that was the second issue. And then the third issue was auto enroll. I wrote this bill so that every child in America, all 70 million kids, would automatically have an account open for them. That you wouldn't have to do anything to go and affirmatively open the account. Rather, if you're a kid, you're under 18, the government opens the account. It is there for you. (20:21–20:31)
CLAIM
Asserts that Ted Cruz's bill mandates automatic account creation for all 70 million American children.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
