US Congress Senate Bill 1295

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Spectrum: Slight Partisan Bill (Republican 10-3-1)
Status: Introduced on April 21 2021 - 25% progression
Action: 2021-04-21 - Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Pending: Senate Homeland Security And Governmental Affairs Committee
Text: Latest bill text (Introduced) [PDF]

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.

TRUST Act of 2021 Time to Rescue United States Trusts Act 2021

Sen. Mitt Romney [R-UT]	Sen. Joe Manchin [D-WV]	Sen. Todd Young [R-IN]	Sen. Krysten Sinema [D-AZ]
Sen. Shelley Capito [R-WV]	Sen. Angus King [I-ME]	Sen. Rob Portman [R-OH]	Sen. Mark Warner [D-VA]
Sen. John Cornyn [R-TX]	Sen. Mike Rounds [R-SD]	Sen. Kevin Cramer [R-ND]	Sen. Cynthia Lummis [R-WY]
Sen. Dan Sullivan [R-AK]	Sen. Bill Cassidy [R-LA]

Date	Chamber	Action
2021-04-21	Senate	Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

HB2575 (Related) 2021-04-15 - 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.
SB2433 (Related) 2022-03-02 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 299.

Type	Source
Summary	https://www.congress.gov/bill/117th-congress/senate-bill/1295/all-info
Text	https://www.congress.gov/117/bills/s1295/BILLS-117s1295is.pdf