Bill > S4323

Introduced Session

TRUST Act of 2020 TRUST Act of 2020 Time to Rescue United States Trusts Act of 2020 Time to Rescue United States Trusts Act of 2020 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.

AI Summary

Committee Categories

Mitt Romney (R)*,  Lamar Alexander (R),  Shelley Moore Capito (R),  John Cornyn (R),  Kevin Cramer (R),  Doug Jones (D),  Angus King (I),  Joe Manchin (I),  Martha McSally (R),  David Perdue (R),  Rob Portman (R),  Mike Rounds (R),  Kyrsten Sinema (I),  Dan Sullivan (R),  Mark Warner (D),  Todd Young (R), 

Referred to the Committee on Homeland Security and Governmental Affairs. (on 08/03/2020)

Official Document