3.0.0 2575 2023-03-08T19:58:55Z 2023-03-08T19:58:55Z House HR 2021-04-15 117 [Congressional Record Volume 167, Number 65 (Thursday, April 15, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GALLAGHER:H.R. 2575.Congress has the power to enact this legislation pursuantto the following:Artilce I, Section 8 of the Constitution of the UnitedStates.[Page H1843]]]> hsbu00 Budget Committee House Standing Referred to 2021-04-15T16:00:45Z hsru00 Rules Committee House Standing Referred to 2021-04-15T16:00:40Z hsgo00 Oversight and Accountability Committee House Standing Referred to 2021-04-15T16:00:35Z TRUST Act of 2021 117 1295 S 2021-04-21 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. Related bill CRS 2021-04-15 Referred to the Committee on Oversight and Reform, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2021-04-15 Referred to the Committee on Oversight and Reform, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsru00 Rules Committee 2021-04-15 Referred to the Committee on Oversight and Reform, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsgo00 Oversight and Accountability Committee 2021-04-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-04-15 Introduced in House IntroReferral 1000 9 Library of Congress G000579 Rep. Gallagher, Mike [R-WI-8] Mike Gallagher R WI 8 N P000608 Rep. Peters, Scott H. [D-CA-52] Scott Peters D CA H. 52 2021-04-15 True C001055 Rep. Case, Ed [D-HI-1] Ed Case D HI 1 2021-04-15 True B001312 Rep. Bourdeaux, Carolyn [D-GA-7] Carolyn Bourdeaux D GA 7 2021-04-15 True A000375 Rep. Arrington, Jodey C. [R-TX-19] Jodey Arrington R TX C. 19 2021-04-15 True J000301 Rep. Johnson, Dusty [R-SD-At Large] Dusty Johnson R SD 0 2021-04-15 True T000480 Rep. Timmons, William R. IV [R-SC-4] William Timmons R SC R. 4 2021-04-28 False M000194 Rep. Mace, Nancy [R-SC-1] Nancy Mace R SC 1 2021-05-04 False J000292 Rep. Johnson, Bill [R-OH-6] Bill Johnson R OH 6 2021-05-14 False W000821 Rep. Westerman, Bruce [R-AR-4] Bruce Westerman R AR 4 2021-07-27 False B001298 Rep. Bacon, Don [R-NE-2] Don Bacon R NE 2 2021-09-20 False S000522 Rep. Smith, Christopher H. [R-NJ-4] CHRISTOPHER SMITH R NJ H. 4 2021-10-15 False P000616 Rep. Phillips, Dean [D-MN-3] Dean Phillips D MN 3 2021-12-07 False M001186 Rep. Meijer, Peter [R-MI-3] Peter Meijer R MI 3 2022-02-02 False Economics and Public Finance Budget process Congressional oversight Government trust funds Legislative rules and procedure Economics and Public Finance 00 2021-04-15 Introduced in House 2021-06-09T16:17:26Z Time to Rescue United States Trusts Act of 2021 or the TRUST Act of 2021

This bill establishes congressional rescue committees to develop recommendations and legislation to improve critical social contract programs.

A critical social contract program is a federal program

  • for which a federal trust fund is established (e.g., Social Security, Medicare, and federal highway programs),
  • with outlays of at least $20 billion during the year preceding the year in which this bill is enacted, and
  • for which the amount of dedicated federal funds and federal trust fund balances will be inadequate to meet the total amount of outlays of the program that would otherwise be made.

Each rescue committee may develop recommendations and legislation to improve the program for which it was established, including by (1) increasing the duration of positive balances of the federal trust fund established for the program, and (2) providing for the solvency of the federal trust fund established for the program during a 75-year period.

Congress must use specified expedited legislative procedures to consider legislation that is approved and submitted by the rescue committees.

]]> TRUST Act of 2021 Display Title TRUST Act of 2021 Official Title as Introduced To save and strengthen critical social contract programs of the Federal Government. Introduced in House IH Short Title(s) as Introduced TRUST Act of 2021 Introduced in House IH Short Title(s) as Introduced Time to Rescue United States Trusts Act of 2021 Introduced in House IH Introduced in House 2021-04-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr2575ih/xml/BILLS-117hr2575ih.xml 2021-04-15 Referred to the Committee on Oversight and Reform, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.