ICYMI: Capito Highlights Trump Accounts Legislation on CNBC’s “Squawk Box”

To watch Senator Capito’s remarks, click here or the image above. WASHINGTON, D.C. – This morning, U.S. Senator Shelley Moore Capito (R-W.Va.), a member of Senate Republican leadership, joined CNBC’s “Squawk Box” to discuss legislation she recently introduced that would streamline enrollment in Trump Accounts . Yesterday, Senator Capito introduced legislation to provide families with enrollment information to establish Trump Accounts for eligible newborns while still at the hospital. Specifically, the bill would amend the Social Security Administration's (SSA) Enumeration at Birth (EAB) program to provide for the creation of a Trump Account when a child's birth is registered, streamlining enrollment and increasing access the program. HIGHLIGHTS: ON TRUMP ACCOUNTS: “It's an exciting time to have a newborn, sometimes some of the details of what you could do for your child at those very first moments as you leave the hospital, get lost, and then you get lost in the care of a child. And I don't want to see any family lose an opportunity to have an investment account for their child that can grow over time that you can add to. ON HER TRUMP ACCOUNTS LEGISLATION: “And so, the Social Security administration, because you have to have a Social Security card, has made it easier to enroll in Social Security. And I thought, why don't we hook on to that and say, ‘You don't have to have a Trump account, but do you realize this is available to your child? Sign them up now.’ And I think we see seven million children now who already have Trump accounts. I think it could be much larger, especially maybe parents don't even know about this. And so, I thought just the ease of enrollment and what this could do for financial literacy and for the future of that child being able to see savings, I don't want them to miss that opportunity.” # # #