Last action was on 9-4-2025
Current status is Referred to the House Committee on Ways and Means.
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This Act may be cited as the "Tariff Revenue Used to Secure Tomorrow Act" or "TRUST Act".
(a) Establishment - There is hereby established in the Treasury of the United States a fund to be known as the "Tariff Trust Fund" (in this section referred to as the "Fund").
(b) Deposit of funds - Notwithstanding any other provision of law, if the United States—
(1) - maintains a budget deficit for any fiscal year beginning with fiscal year 2026, and
(2) - continues to maintain a budget deficit for the subsequent fiscal year,
(c) Use of funds - Amounts deposited in the Fund under subsection (b) shall be transferred to the general fund of the Treasury and used only for deficit reduction.
(d) Effective date - This Act shall take effect on the date of the enactment of this Act and shall apply with respect to amounts collected from the imposition of duties beginning on and after October 1, 2025.