What is the official ID of this bill?
The official print number for this legislation is HR 2575.
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.
Status:
Expired
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