HR. 5153In Committee
TRUST Act
Establishes a Treasury tariff trust fund to capture certain duty revenues and use them only for deficit reduction when budget deficits continue
Plain-English overview
What this bill does
Establishes a Treasury tariff trust fund to capture certain duty revenues and use them only for deficit reduction when budget deficits continue
Key points
- Establish tariff trust fund
- Require excess duty deposits
- Transfer funds to Treasury general fund
Current status
Where it stands
Status
In Committee
Latest action
2025-09-04 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedEconomics and Public Finance