October 29, 2019
WASHINGTON — U.S. Senator Doug Jones (D-Ala.), alongside a bipartisan group of colleagues, has introduced the Time to Rescue United States’ Trusts (TRUST) Act, which would create congressional committees specifically tasked to develop legislation to restore and strengthen endangered federal trust funds, like pensions, Social Security and Medicare.
“This important legislation creates a bipartisan path forward that gives us the tools to we need to put our budget on the path to fiscal responsibility and upgrade our decaying infrastructure, protect pensions and Social Security benefits for retirees, and ensure that Medicare remains strong for seniors for generations to come,” Senator Jones said.
Without legislative action, the government’s trust funds, which include Highway, Medicare Hospital Insurance, Social Security Disability Insurance, and Social Security Old-Age and Survivors Insurance, will be exhausted in the next thirteen years.
The legislation was also sponsored by U.S. Senators Mitt Romney (R-Utah), Joe Manchin (D-W.V.), Todd Young (R-Ind.), and Kyrsten Sinema (D-Ariz.), and U.S. Representatives Mike Gallagher (R-WI), Ed Case (D-HI), William Timmons (R-SC), and Ben McAdams (D-UT) have introduced companion legislation in the House of Representatives.
How the TRUST Act works: