Bill > HR5153

This bill establishes the Tariff Trust Fund, a new financial mechanism designed to help reduce the federal budget deficit. Specifically, the bill creates a fund in the U.S. Treasury that will be activated if the United States experiences budget deficits in fiscal years 2026 and 2027. Under these conditions, any duties (taxes on imported goods) collected in excess of the amount collected in fiscal year 2025 will be deposited into the Tariff Trust Fund. Once deposited, these additional duty revenues will be transferred to the general fund of the Treasury and used exclusively for deficit reduction purposes. The act will take effect on its date of enactment and will apply to duties collected on or after October 1, 2025. The bill is also known by its acronym, the "TRUST Act" (Tariff Revenue Used to Secure Tomorrow Act), which highlights its primary goal of using tariff revenues as a tool to address the national budget deficit.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/5153/all-info