TRUST Act
Sponsored By: Representative Moran, Nathaniel [R-TX-1]
Introduced
Summary
Would redirect excess tariff revenue above a 2025 baseline into a dedicated Tariff Trust Fund to be used only for deficit reduction. It would apply only if the United States runs a budget deficit in FY2026 and again in the following fiscal year.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Excess tariff money for deficit reduction
If enacted, this would create a Tariff Trust Fund in the Treasury. It would take effect on enactment and apply to duties collected on and after October 1, 2025. If the U.S. runs a budget deficit in a year starting with FY2026 and again the next year, the second year's tariff revenue above FY2025 would go into the Fund. That money would then be moved to the general fund and used only to reduce the federal deficit.
Sponsors & CoSponsors
Sponsor
Moran, Nathaniel [R-TX-1]
TX • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov