[Congressional Record Volume 171, Number 112 (Saturday, June 28, 2025)]
[Senate]
[Page S3996]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2492. Mr. KIM submitted an amendment intended to be proposed to 
amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to the bill 
H.R. 1, to provide for reconciliation pursuant to title II of H. Con. 
Res. 14; which was ordered to lie on the table; as follows:

        At the appropriate place, insert the following:

     SEC. __. TRUST FUND FOR PAYMENTS TO LOW- AND MIDDLE-INCOME 
                   HOUSEHOLDS FROM TARIFF REVENUE.

       (a) Establishment of Trust Fund.--There is established in 
     the Treasury of the United States a trust fund, consisting 
     of--
       (1) amounts transferred to the trust fund under subsection 
     (b); and
       (2) any amounts that may be credited to the trust fund 
     under subsection (c).
       (b) Transfer of Amounts.--For each fiscal quarter in which 
     revenue from duties imposed on or after January 20, 2025, 
     exceeds $25,000,000,000, the Secretary of the Treasury shall 
     transfer to the trust fund established under subsection (a), 
     from the general fund of the Treasury, an amount equivalent 
     to the amount received into the general fund during that 
     quarter and attributable to such duties.
       (c) Investment of Amounts.--
       (1) Investment of amounts.--The Secretary shall invest such 
     portion of the trust fund established under subsection (a) as 
     is not required to meet current withdrawals in interest-
     bearing obligations of the United States or in obligations 
     guaranteed as to both principal and interest by the United 
     States.
       (2) Interest and proceeds.--The interest on, and the 
     proceeds from the sale or redemption of, any obligations held 
     in the trust fund established under subsection (a) shall be 
     credited to and form a part of the trust fund.
       (d) Availability of Amounts in Trust Fund.--During each 
     fiscal quarter in which revenue from duties imposed on or 
     after January 20, 2025, exceeds $25,000,000,000, amounts in 
     the trust fund established under subsection (a) shall be 
     available, without further appropriation, to the Secretary to 
     provide payments to low- and middle-income households in the 
     United States.
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