TRUST Act of 2021

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 15 April 2021

   Introduced

   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.

   Source: IntroReferral

2. 15 April 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 April 2021

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 15 April 2021 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 April 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 15 April 2021

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 15 April 2021

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Gallagher, Mike [R-WI-8] · R · Sponsor
• Rep. Peters, Scott H. [D-CA-50] · D · Sponsor
• Rep. Case, Ed [D-HI-1] · D · Sponsor
• Carolyn Bourdeaux · D · Sponsor
• Rep. Arrington, Jodey C. [R-TX-19] · R · Sponsor
• Rep. Johnson, Dusty [R-SD-At Large] · R · Sponsor
• Rep. Timmons, William R. [R-SC-4] · R · Cosponsor
• Rep. Mace, Nancy [R-SC-1] · R · Cosponsor
• Rep. Johnson, Bill [R-OH-6] · R · Cosponsor
• Rep. Westerman, Bruce [R-AR-4] · R · Cosponsor
• Rep. Bacon, Don [R-NE-2] · R · Cosponsor
• Rep. Smith, Christopher H. [R-NJ-4] · R · Cosponsor
• Rep. Phillips, Dean [D-MN-3] · D · Cosponsor
• Peter Meijer · R · Cosponsor
• · hsbu00 · Standing
• · hsru00 · Standing
• · hsgo00 · Standing

Related records

• related to ← TRUST Act of 2021
• related to ← TRUST Act