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TRUST Act: Saving and Strengthening Critical Federal Social Contract Programs

This Act aims to save and strengthen critical federal social contract programs funded by trust funds facing depletion before the end of fiscal year 2036. It establishes Rescue Committees composed of Congress members to develop legislative changes ensuring the solvency of these programs for 75 years. Legislative proposals approved by these Committees will be subject to expedited consideration in Congress.
Key points
Establishment of Rescue Committees for each federal program whose trust fund is projected to be inadequate to meet outlays before the end of fiscal year 2036.
The primary goal of these Committees is to develop legislative language to ensure the solvency of the respective trust funds for a 75-year period, as well as to simplify and improve the programs.
Legislative proposals approved by the Committees will be subject to an expedited consideration process in both the House and the Senate, without amendments.
Approval of legislative language requires a majority vote within the Committee, including at least two members from each political party.
The Secretary of the Treasury must identify all critical social contract programs within 14 days of the Act's enactment.
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Additional Information
Print number: 117_HR_2575
Sponsor: Rep. Gallagher, Mike [R-WI-8]
Process start date: 2021-04-15
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

TRUST Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2575.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-15.

What are the main provisions?

Key points include:

  • Establishment of Rescue Committees for each federal program whose trust fund is projected to be inadequate to meet outlays before the end of fiscal year 2036.
  • The primary goal of these Committees is to develop legislative language to ensure the solvency of the respective trust funds for a 75-year period, as well as to simplify and improve the programs.
  • Legislative proposals approved by the Committees will be subject to an expedited consideration process in both the House and the Senate, without amendments.
  • Approval of legislative language requires a majority vote within the Committee, including at least two members from each political party.
  • The Secretary of the Treasury must identify all critical social contract programs within 14 days of the Act's enactment.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Gallagher, Mike [R-WI-8].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Benefits Economy