TRUST Act
Introduced Sep 4, 2025 by Rep. Nathaniel Moran
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
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.
No floor votes yet — it hasn't reached the floor of either chamber.