Privacy Act of 1974; System of Records

In accordance with the Privacy Act of 1974, the Department of the Treasury ("Treasury" or the "Department") proposes to establish a new Treasury system of records titled, "Department of the Treasury, .031--Trump Accounts Program (TAP) System of Records." This system of records supports the Treasury's administration, oversight and compliance activities associated with Trump accounts, which are a type of traditional IRA established for the exclusive benefit of, and designed to promote long-term wealth building for, eligible American children. Records maintained in this system enable Treasury to administer and oversee program operations, ensure compliance with applicable statutory requirements, and carry out the objectives for Trump accounts.