TRUST Act has not moved since its introduction on Sep 4, 2025, with no cosponsors
Written by the Congressional Research Service [2]. 125 words.
Tariff Revenue Used to Secure Tomorrow Act or TRUST Act This bill establishes the Tariff Trust Fund within the Treasury and requires certain revenues collected from duties (e.g., tariffs) to be deposited into the fund and used for deficit reduction. If the federal government maintains a budget deficit for any fiscal year beginning with FY2026 and continues to maintain a budget deficit for the subsequent fiscal year, the bill requires amounts collected from the imposition of duties for the subsequent fiscal year that exceed the amounts collected from duties for FY2025 to be deposited into the fund established by this bill. Any amounts deposited into the fund must be transferred to the general fund of the Treasury and may only be used for deficit reduction.
- Committees
- House Ways and Means Committee
- Policy area
- Economics and Public Finance: 71 of 1,188 bills became law, 113th–118th (6%)
- Sponsor
- 0 of 43 bills enacted since 2013
- Text versions
- 1: introduced in house · 212 words
- Latest action
- Sep 4, 2025: Referred to the House Committee on Ways and Means.
- Records
- Congress.gov · Bill text
The bill status record lists no related bills.