119th Congress · introduced in the House · Sep 4, 2025
TRUST Act
Official title from Congress.gov
Latest action (Sep 4, 2025): Referred to the House Committee on Ways and Means.
View on Congress.govPolicy area: Economics and Public Finance
Congressional Research Service summary, version: Introduced in House (Sep 4, 2025)
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.
No cosponsors.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
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