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United States · Bill · S

S. 4323 (116th)

TRUST Act of 2020

referredUnited States· United States Congress· EN

Introduced

27 July 2020

Last action

3 August 2020 · Committee

Status

Referred to the Committee on Homeland Security and Governmental Affairs.

Sponsors

Sen. Romney, Mitt [R-UT], Sen. Manchin, Joe, III [I-WV], Todd Young, Kyrsten Sinema, Shelley Capito, Sen. Jones, Doug [D-AL], Sen. Alexander, Lamar [R-TN], Angus King, Sen. Portman, Rob [R-OH], Mark Warner, Sen. Perdue, David [R-GA], John Cornyn, Martha McSally, Mike Rounds, Dan Sullivan, Kevin Cramer

Subjects

Discovery layer

Source updated

5 December 2025

Official sourceDownload fileView documentsShare

Summary

Time to Rescue United States Trusts Act of 2020 or the TRUST Act of 2020 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. 27 July 2020

    Introduced

    Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S4507)

    Source: IntroReferral

  2. 27 July 2020

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 3 August 2020

    Introduced

    Referred to the Committee on Homeland Security and Governmental Affairs.

    Source: IntroReferral

  4. 3 August 2020

    Discharge

    Senate Committee on Finance discharged by Unanimous Consent.

    Source: Discharge

  5. 3 August 2020

    Committee

    Senate Committee on Finance discharged by Unanimous Consent.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

5 official files

Reference Change Senate (text)

View fileDownload file

Sponsors

Related records

Sources

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