TRUST Act

Summary

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.

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

Timeline

1. 29 October 2019

   Introduced

   Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

   Source: IntroReferral

2. 29 October 2019

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 28 January 2020

   Committee

   Committee on Homeland Security and Governmental Affairs. Hearings held. Hearings printed: S.Hrg. 116-186.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 29 October 2019 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 29 October 2019

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 29 October 2019

  ViewDownloadOpen 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.

• Introduced in Senate

  summary · EN · 29 October 2019

  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

• Sen. Romney, Mitt [R-UT] · R · Sponsor
• Sen. Manchin, Joe, III [D-WV] · D · Sponsor
• Sen. Young, Todd [R-IN] · R · Sponsor
• Sen. Jones, Doug [D-AL] · D · Sponsor
• Sen. Sinema, Kyrsten [I-AZ] · D · Sponsor
• Sen. Capito, Shelley Moore [R-WV] · R · Cosponsor
• Sen. Alexander, Lamar [R-TN] · R · Cosponsor
• Sen. Rounds, Mike [R-SD] · R · Cosponsor
• Sen. King, Angus S., Jr. [I-ME] · I · Cosponsor
• Sen. Warner, Mark R. [D-VA] · D · Cosponsor
• Sen. Portman, Rob [R-OH] · R · Cosponsor
• Sen. McSally, Martha [R-AZ] · R · Cosponsor
• Sen. Cornyn, John [R-TX] · R · Cosponsor
• Sen. Perdue, David [R-GA] · R · Cosponsor
• Sen. Sullivan, Dan [R-AK] · R · Cosponsor
• · ssga00 · Standing

Related records

• related to → TRUST Act of 2021
• related to → TRUST Act
• related to ← TRUST Act of 2020