I 
117TH CONGRESS 
1ST SESSION H. R. 2575 
To save and strengthen critical social contract programs of the Federal 
Government. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 15, 2021 
Mr. GALLAGHER (for himself, Mr. PETERS, Mr. CASE, Ms. BOURDEAUX, Mr. 
ARRINGTON, and Mr. JOHNSON of South Dakota) introduced the fol-
lowing bill; which was referred to the Committee on Oversight and Re-
form, 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 com-
mittee concerned 
A BILL 
To save and strengthen critical social contract programs 
of the Federal Government. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Time to Rescue United 
States Trusts Act of 2021’’ or the ‘‘TRUST Act of 2021’’. 
SEC. 2. DEFINITIONS. 
In this Act: 
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(1) CO-CHAIR.—The term ‘‘co-chair’’ means an 
individual appointed to serve as a co-chair of a Res-
cue Committee under section 4(a)(4)(C)(i). 
(2) CRITICAL
SOCIAL
CONTRACT
PROGRAM.— 
The term ‘‘critical social contract program’’ means 
a Federal program the Secretary identifies in the re-
port under section 3. 
(3) RESCUE COMMITTEE.—The term ‘‘Rescue 
Committee’’ means a committee established under 
section 4(a). 
(4) RESCUE
COMMITTEE
BILL.—The term 
‘‘Rescue Committee bill’’ means a bill consisting 
solely of legislative language that a Rescue Com-
mittee approves and submits under clauses (i) and 
(vi), respectively, of section 4(a)(3)(B). 
(5) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of the Treasury. 
SEC. 3. IDENTIFICATION OF CRITICAL SOCIAL CONTRACT 
PROGRAMS. 
Not later than 14 days after the date of enactment 
of this Act, the Secretary shall submit to Congress a re-
port that identifies each Federal program— 
(1) for which a Federal trust fund is estab-
lished; 
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(2) the amount of outlays of which, for the fis-
cal year immediately preceding the fiscal year in 
which this Act is enacted, were not less than 
$20,000,000,000; and 
(3) the amount of dedicated Federal funds and 
Federal trust fund balances that the Secretary de-
termines will be inadequate, on any date during the 
period beginning on the date of enactment of this 
Act and ending on the last day of fiscal year 2036, 
to meet the total amount of outlays of the Federal 
program that would otherwise be made. 
SEC. 4. ESTABLISHMENT OF RESCUE COMMITTEES. 
(a) ESTABLISHMENT OF RESCUE COMMITTEES.— 
(1) ESTABLISHMENT.—On the date on which 
the Secretary submits the report under section 3, 
there shall be established a Rescue Committee for 
each critical social contract program. 
(2) GOALS.—The goals of each Rescue Com-
mittee shall be to, with respect to the critical social 
contract program for which the Rescue Committee is 
established— 
(A) avoid depletion of the Federal trust 
fund established for the critical social contract 
program; 
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(B) provide for the solvency of the Federal 
trust fund established for the critical social con-
tract program during the 75-year period begin-
ning on the date described in paragraph (1); 
(C) simplify the critical social contract pro-
gram to the extent practicable; and 
(D) otherwise improve the critical social 
contract program. 
(3) DUTIES.— 
(A) IN GENERAL.— 
(i) IMPROVING CRITICAL SOCIAL CON-
TRACT
PROGRAMS.—Each Rescue Com-
mittee may develop recommendations and 
legislative language that will significantly 
improve the critical social contract pro-
gram for which the Rescue Committee is 
established, including by— 
(I) increasing the duration of 
positive balances of the Federal trust 
fund established for the critical social 
contract program; and 
(II) to the extent practicable, 
providing for the solvency of the Fed-
eral trust fund established for the 
critical social contract program during 
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the 75-year period beginning on the 
date described in paragraph (1). 
(ii) RECOMMENDATIONS OF COMMIT-
TEES.—Not later than 60 days after the 
date described in paragraph (1), each com-
mittee of the Senate and the House of 
Representatives may transmit to the rel-
evant Rescue Committee any recommenda-
tions of the committee relating to changes 
in law to improve the critical social con-
tract program for which the Rescue Com-
mittee is established in accordance with 
the goals of the Rescue Committee de-
scribed in paragraph (2). 
(B) REPORT, 
RECOMMENDATIONS, 
AND 
LEGISLATIVE LANGUAGE.— 
(i) IN GENERAL.—Not later than 180 
days, each Rescue Committee shall meet to 
consider, and may vote on— 
(I) a report that contains a de-
tailed statement of the findings, con-
clusions, and recommendations of the 
Rescue Committee described in sub-
paragraph (A)(i) and the estimate of 
the Congressional Budget Office re-
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quired under paragraph (5)(D)(ii); 
and 
(II) legislative language to carry 
out the recommendations of the Res-
cue Committee in the report described 
in subclause (I), which shall include a 
statement of the economic and budg-
etary effects of the recommendations 
during the 75-year period beginning 
on the date described in paragraph 
(1). 
(ii) ADVISORY
NATURE.—Any pro-
posed change to the Standing Rules of the 
Senate or the Rules of the House of Rep-
resentatives included in a report or legisla-
tive language under clause (i) shall be con-
sidered to be merely advisory. 
(iii) APPROVAL OF REPORT AND LEG-
ISLATIVE LANGUAGE.—A report and legis-
lative language of a Rescue Committee 
under clause (i) shall require the approval 
of a majority of the members of the Rescue 
Committee, provided that such majority 
shall be required to include not less than 
2 members of each party. 
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