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TRUST Act

USA116th CongressHR-4907| House 
| Updated: 10/29/2019
Mike Gallagher

Mike Gallagher

Republican Representative

Wisconsin

Cosponsors (18)
Dusty Johnson (Republican)Gilbert Ray Cisneros (Democratic)Alexander X. Mooney (Republican)Abigail Davis Spanberger (Democratic)Ben McAdams (Democratic)Ed Case (Democratic)Chrissy Houlahan (Democratic)William R. Timmons (Republican)Scott H. Peters (Democratic)Jodey C. Arrington (Republican)Harley Rouda (Democratic)Jim Cooper (Democratic)Dean Phillips (Democratic)Anthony Brindisi (Democratic)Rob Woodall (Republican)Daniel Lipinski (Democratic)Mark E. Amodei (Republican)Kendra S. Horn (Democratic)

Rules Committee, Oversight and Government Reform Committee, Budget Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Time to Rescue United States Trusts Act or the TRUST Act This bill establishes congressional rescue committees to develop recommendations and legislation to improve critical social contract programs. A critical social contract program is a federal program for which a federal trust fund is established (e.g., Social Security, Medicare, and federal highway programs), with outlays of at least $20 billion during the year preceding the year in which this bill is enacted, and for which the amount of dedicated federal funds and federal trust fund balances will be inadequate to meet the total amount of outlays of the program that would otherwise be made. Each rescue committee may develop recommendations and legislation to improve the program for which it was established, including by (1) increasing the duration of positive balances of the federal trust fund established for the program, and (2) providing for the solvency of the federal trust fund established for the program during a 75-year period. Congress must use specified expedited legislative procedures to consider legislation that is approved and submitted by the rescue committees.
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Timeline
Oct 29, 2019
Introduced in House
Oct 29, 2019
Referred to the Committee on Oversight and Reform, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Aug 3, 2020

Latest Companion Bill Action

S 116-4323
Referred to the Committee on Homeland Security and Governmental Affairs.
  • October 29, 2019
    Introduced in House


  • October 29, 2019
    Referred to the Committee on Oversight and Reform, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • August 3, 2020

    Latest Companion Bill Action

    S 116-4323
    Referred to the Committee on Homeland Security and Governmental Affairs.

Economics and Public Finance

Related Bills

  • S 116-2733: TRUST Act
  • S 116-4323: TRUST Act of 2020
Budget processCongressional oversightGovernment trust fundsLegislative rules and procedure

TRUST Act

USA116th CongressHR-4907| House 
| Updated: 10/29/2019
Time to Rescue United States Trusts Act or the TRUST Act This bill establishes congressional rescue committees to develop recommendations and legislation to improve critical social contract programs. A critical social contract program is a federal program for which a federal trust fund is established (e.g., Social Security, Medicare, and federal highway programs), with outlays of at least $20 billion during the year preceding the year in which this bill is enacted, and for which the amount of dedicated federal funds and federal trust fund balances will be inadequate to meet the total amount of outlays of the program that would otherwise be made. Each rescue committee may develop recommendations and legislation to improve the program for which it was established, including by (1) increasing the duration of positive balances of the federal trust fund established for the program, and (2) providing for the solvency of the federal trust fund established for the program during a 75-year period. Congress must use specified expedited legislative procedures to consider legislation that is approved and submitted by the rescue committees.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Oct 29, 2019
Introduced in House
Oct 29, 2019
Referred to the Committee on Oversight and Reform, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Aug 3, 2020

Latest Companion Bill Action

S 116-4323
Referred to the Committee on Homeland Security and Governmental Affairs.
  • October 29, 2019
    Introduced in House


  • October 29, 2019
    Referred to the Committee on Oversight and Reform, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • August 3, 2020

    Latest Companion Bill Action

    S 116-4323
    Referred to the Committee on Homeland Security and Governmental Affairs.
Mike Gallagher

Mike Gallagher

Republican Representative

Wisconsin

Cosponsors (18)
Dusty Johnson (Republican)Gilbert Ray Cisneros (Democratic)Alexander X. Mooney (Republican)Abigail Davis Spanberger (Democratic)Ben McAdams (Democratic)Ed Case (Democratic)Chrissy Houlahan (Democratic)William R. Timmons (Republican)Scott H. Peters (Democratic)Jodey C. Arrington (Republican)Harley Rouda (Democratic)Jim Cooper (Democratic)Dean Phillips (Democratic)Anthony Brindisi (Democratic)Rob Woodall (Republican)Daniel Lipinski (Democratic)Mark E. Amodei (Republican)Kendra S. Horn (Democratic)

Rules Committee, Oversight and Government Reform Committee, Budget Committee

Economics and Public Finance

Related Bills

  • S 116-2733: TRUST Act
  • S 116-4323: TRUST Act of 2020
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Budget processCongressional oversightGovernment trust fundsLegislative rules and procedure