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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.
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Expired
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Additional Information
Print number: 117_S_1295
Sponsor: Sen. Romney, Mitt [R-UT]
Process start date: 2021-04-21
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Summarized by: gemini-3-pro-preview
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_S_1295.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-04-21.

What are the main provisions?

Key points include:

  • 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.
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 Sen. Romney, Mitt [R-UT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

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 Public Investments