TRUST Act: Rescuing Critical Federal Programs and Trust Funds
This Act aims to protect critical social contract programs of the Federal Government by establishing special Rescue Committees. These committees will be tasked with developing plans to ensure the solvency of the trust funds of these programs for 75 years. Their legislative recommendations will be considered under an expedited procedure by Congress.
Key points
Establishment of Rescue Committees for federal programs with trust funds that have outlays exceeding $20 billion and face projected insolvency by 2036.
Committees have 180 days to develop reports and legislative proposals aimed at improving the programs and ensuring long-term solvency.
Committee proposals will undergo expedited consideration in Congress, without the possibility of amendments.
Status:
Expired
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