TRUST Act

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.