Congress·In Committee·H.R. 5153
TRUST Act
Tariff Revenue for Deficit Reduction
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Stalled
No legislative action in over 90 days.
Legislative Progress
House
Key Points
- Rep. Moran introduced a bill called the TRUST Act to create a special savings account for the government called the Tariff Trust Fund. This fund would be used only to help pay off the national debt.
- Starting in October 2025, if the country has a budget deficit, any extra money the government collects from tariffs—which are taxes on goods brought in from other countries—would be put into this fund.
- The bill specifically targets tariff money that is higher than the amount collected in 2025. This means if the government raises tariffs or imports increase, that "new" money goes toward the debt instead of being spent on new programs.
- This plan aims to make sure that when the government collects more money from trade taxes, it uses that cash to improve the country's financial health by lowering the total amount of money the U.S. owes.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
2 milestones2 actions
Sep 4, 2025
Referred to the House Committee on Ways and Means.
Sep 4, 2025
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
TRUST Act
Bill NumberHR 5153
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on Ways and Means.
Data Sources
Sponsor
Analysis generated by AI. Always verify with official sources.