Install
TRUST Act
To establish the Tariff Trust Fund to be used for deficit reduction purposes, and for other purposes.
- Introduced
- Committee
- Passed House
- Passed Senate
- To President
- Became law
Summary
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.
Summary by the Congressional Research Service, Library of Congress.
Actions
- Sep 4, 2025 Referred to the House Committee on Ways and Means.
- Sep 4, 2025 Introduced in House
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