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Section 1
1. Short title This Act may be cited as the Tariff Revenue Used to Secure Tomorrow Act or TRUST Act.
Section 2
2. Tariff Trust Fund There is hereby established in the Treasury of the United States a fund to be known as the Tariff Trust Fund (in this section referred to as the Fund). Notwithstanding any other provision of law, if the United States— maintains a budget deficit for any fiscal year beginning with fiscal year 2026, and continues to maintain a budget deficit for the subsequent fiscal year, Amounts deposited in the Fund under subsection (b) shall be transferred to the general fund of the Treasury and used only for deficit reduction. This Act shall take effect on the date of the enactment of this Act and shall apply with respect to amounts collected from the imposition of duties beginning on and after October 1, 2025.