TRUST Act

House Votes

This bill creates a Tariff Trust Fund to help lower the federal deficit. If the federal government runs a budget deficit one year and again the next year, the extra money from import duties collected in that second year—above what was collected in 2025—must go into this fund. Money in the fund can only be used to reduce the deficit, not for other programs.

Key points

• What changes: Sets up a special fund that captures “extra” tariff revenue (anything above 2025 levels) in years when deficits happen two years in a row, and uses it only to cut the deficit.
• Who is affected: The federal budget and taxpayers broadly; it directs how some import duty money is used. It does not describe new taxes or rates, only where certain funds go.
• When it starts: Applies to amounts collected on and after October 1, 2025, with the deficit check starting in fiscal year 2026 and the following year.