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HR 2575 117th Congress House Economics and Public Finance Budget process Congressional oversight Government trust funds Legislative rules and procedure

TRUST Act of 2021

Introduced: April 15, 2021 See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 15, 2021
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.
Apr 15, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

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.

What's happening now April 15, 2021

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 & companion bills 1
  • S 1295 Related bill TRUST Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 12
All 12 Democratic 2 Republican 7
Meijer, Peter
· Feb 2, 2022
 R
Smith, Christopher H.
New Jersey · Oct 15, 2021
 R
Bacon, Don
Nebraska · Sep 20, 2021
 R
Westerman, Bruce
Arkansas · Jul 27, 2021
Johnson, Bill
· May 14, 2021
 R
Mace, Nancy
South Carolina · May 4, 2021
 R
Timmons, William R.
South Carolina · Apr 28, 2021
 R
Arrington, Jodey C.
Texas · Apr 15, 2021
Bourdeaux, Carolyn
· Apr 15, 2021
 D
Case, Ed
Hawaii · Apr 15, 2021
 R
Johnson, Dusty
South Dakota · Apr 15, 2021
 D
Peters, Scott H.
California · Apr 15, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2575: TRUST Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-2575/
MLA
"H.R. 2575: TRUST Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-2575/.
Bluebook (legal)
H.R. 2575, 117th Cong. (2026), https://openamerica.io/bill/117-HR-2575/.
Markdown link
[H.R. 2575: TRUST Act of 2021](https://openamerica.io/bill/117-HR-2575/)
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