US HB4907 | 2019-2020 | 116th Congress

Status

Spectrum: Slight Partisan Bill (Democrat 12-5)
Status: Introduced on October 29 2019 - 25% progression
Action: 2019-10-29 - 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.
Pending: House Oversight and Reform Committee
Text: Latest bill text (Introduced) [PDF]

Summary

TRUST Act Time to Rescue United States Trusts 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.

Tracking Information

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Title

TRUST Act Time to Rescue United States Trusts Act

Sponsors


History

DateChamberAction
2019-10-29HouseReferred 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.
2019-10-29HouseReferred 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.
2019-10-29HouseReferred 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.
2019-10-29HouseIntroduced in House

Same As/Similar To

SB2733 (Same As) 2020-01-28 - Committee on Homeland Security and Governmental Affairs. Hearings held.

Subjects


US Congress State Sources


Bill Comments

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