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Tariff Trust Fund: Deficit Reduction from Customs Revenue

This act establishes a new fund to collect surplus tariff revenues, aiming to reduce the national debt. If the federal budget experiences a deficit for two consecutive fiscal years, additional customs duties will be allocated to debt reduction, potentially impacting the nation's financial stability.
Key points
Creation of the Tariff Trust Fund to collect excess customs duties.
Funds will be used exclusively for deficit reduction if a budget deficit persists for two consecutive fiscal years.
Changes take effect from October 1, 2025, influencing how public finances are managed.
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Status: Introduced
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Additional Information
Print number: 119_HR_5153
Sponsor: Rep. Moran, Nathaniel [R-TX-1]
Process start date: 2025-09-04