OPENING THE RECORD
OPENING THE RECORD
H.R. 5153 · 119TH CONGRESS
This has not become law. Both chambers must pass the same text before sending it to the president. How a bill becomes law.
CONGRESSIONAL RESEARCH SERVICE
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.
Written by the Congressional Research Service for this version of the bill. Later versions may differ. Read at Congress.gov.