HOUSE 2575117th CongressReferred 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.

TRUST Act of 2021

Last Action: 4/15/2021

Actions

2021-04-15Referred 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.
2021-04-15Referred 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.
2021-04-15Referred 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.
2021-04-15Introduced in House
2021-04-15Introduced in House

CRS Summary

As of 2021-04-15 (00)

Time to Rescue United States Trusts Act of 2021 or the TRUST Act of 2021

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.

Cosponsors (13)

Scott Peters (D-CA)
Ed Case (D-HI)
Carolyn Bourdeaux (D-GA)
Jodey Arrington (R-TX)
Dusty Johnson (R-SD)
William Timmons (R-SC)
Nancy Mace (R-SC)
Bill Johnson (R-OH)
Bruce Westerman (R-AR)
Don Bacon (R-NE)
CHRISTOPHER SMITH (R-NJ)
Dean Phillips (D-MN)
Peter Meijer (R-MI)

Subjects

Budget process
Congressional oversight
Government trust funds
Legislative rules and procedure

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