3.0.0 1295 2023-03-08T20:12:49Z 2023-03-08T20:12:49Z Senate S 2021-04-21 117 ssga00 Homeland Security and Governmental Affairs Committee Senate Standing Referred to 2021-04-21T22:57:49Z TRUST Act of 2021 117 2575 HR 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. Related bill CRS Federal Land Asset Inventory Reform Act of 2021 117 2433 S 2022-03-02 Placed on Senate Legislative Calendar under General Orders. Calendar No. 299. Related bill CRS 2021-04-21 ssga00 Homeland Security and Governmental Affairs Committee Senate Read twice and referred to the Committee on Homeland Security and Governmental Affairs. IntroReferral 2021-04-21 Introduced in Senate IntroReferral 10000 9 Library of Congress R000615 Sen. Romney, Mitt [R-UT] Mitt Romney R UT N M001183 Sen. Manchin, Joe, III [D-WV] Joseph Manchin D WV 2021-04-21 True Y000064 Sen. Young, Todd [R-IN] Todd Young R IN C. 2021-04-21 True S001191 Sen. Sinema, Kyrsten [D-AZ] Kyrsten Sinema D AZ 2021-04-21 True C001047 Sen. Capito, Shelley Moore [R-WV] Shelley Capito R WV Moore 2021-04-21 True K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. 2021-04-21 True P000449 Sen. Portman, Rob [R-OH] Rob Portman R OH 2021-04-21 True W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. 2021-04-21 True C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2021-04-21 True R000605 Sen. Rounds, Mike [R-SD] Mike Rounds R SD 2021-04-21 True C001096 Sen. Cramer, Kevin [R-ND] Kevin Cramer R ND 2021-04-21 True L000571 Sen. Lummis, Cynthia M. [R-WY] Cynthia Lummis R WY M. 2021-04-21 True S001198 Sen. Sullivan, Dan [R-AK] Dan Sullivan R AK 2021-06-24 False C001075 Sen. Cassidy, Bill [R-LA] Bill Cassidy R LA 2021-07-20 False Economics and Public Finance Budget process Congressional oversight Government trust funds Legislative rules and procedure Economics and Public Finance 00 2021-04-21 Introduced in Senate 2021-05-28T16:27:27Z 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 A bill to save and strengthen critical social contract programs of the Federal Government. Introduced in Senate IS Short Title(s) as Introduced TRUST Act of 2021 Introduced in Senate IS Short Title(s) as Introduced Time to Rescue United States Trusts Act 2021 Introduced in Senate IS Introduced in Senate 2021-04-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s1295is/xml/BILLS-117s1295is.xml 2021-04-21 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. 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.