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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.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_5153
Sponsor: Rep. Moran, Nathaniel [R-TX-1]
Process start date: 2025-09-04
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

TRUST Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_5153.

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 2025-09-04.

What are the main provisions?

Key points include:

  • 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.
What is the specific legal status?

The current status is Introduced.

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. Moran, Nathaniel [R-TX-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy Taxes Public Investments