All Information (Except Text) for S.2733 - TRUST Act116th Congress (2019-2020) |
|Sponsor:||Sen. Romney, Mitt [R-UT] (Introduced 10/29/2019)|
|Committees:||Senate - Homeland Security and Governmental Affairs|
|Latest Action:||Senate - 01/28/2020 Committee on Homeland Security and Governmental Affairs. Hearings held. (All Actions)|
This bill has the status Introduced
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- Passed House
- To President
- Became Law
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Actions Overview (1)
|10/29/2019||Introduced in Senate|
10/29/2019 Introduced in Senate
All Actions (2)
|01/28/2020||Committee on Homeland Security and Governmental Affairs. Hearings held.|
|10/29/2019||Read twice and referred to the Committee on Homeland Security and Governmental Affairs.|
Action By: Senate
01/28/2020 Committee on Homeland Security and Governmental Affairs. Hearings held.
10/29/2019 Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
|Sen. Manchin, Joe, III [D-WV]*||10/29/2019|
|Sen. Young, Todd [R-IN]*||10/29/2019|
|Sen. Jones, Doug [D-AL]*||10/29/2019|
|Sen. Sinema, Kyrsten [D-AZ]*||10/29/2019|
|Sen. Capito, Shelley Moore [R-WV]||11/07/2019|
|Sen. Alexander, Lamar [R-TN]||11/19/2019|
|Sen. Rounds, Mike [R-SD]||11/19/2019|
|Sen. King, Angus S., Jr. [I-ME]||11/20/2019|
|Sen. Warner, Mark R. [D-VA]||12/16/2019|
|Sen. Portman, Rob [R-OH]||01/06/2020|
|Sen. McSally, Martha [R-AZ]||06/01/2020|
|Sen. Cornyn, John [R-TX]||06/03/2020|
|Sen. Perdue, David [R-GA]||06/04/2020|
|Sen. Sullivan, Dan [R-AK]||08/03/2020|
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Homeland Security and Governmental Affairs||10/29/2019||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
Introduced in Senate (10/29/2019)
Time to Rescue United States Trusts Act or the TRUST Act
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.