Texas Rep. Moran unveils TRUST Act to use tariff revenue for debt reduction

First on the fox: Texas Nathaniel Moran’s deputy is turning into a debt design tool, as it unveiled legislation that would convert billions of dollars in new trade revenues into a reassurance fund that only aims to reduce amazing national debts of $ 37 trillion.

The tariff tariffs law used to secure tomorrow (trust) will create a special account in the Ministry of Treasury called the Certainty Fund for Design. Starting from the fiscal year 2026, any tariff money collected above the 2025 foundation level will go automatically to this fund. Under the law, these funds can only be spent in one way: reducing the federal deficit whenever the government is running red.

Trump says we will be “destroyed” without the revenues of the tariffs

“President Trump’s bold use of definitions has already been effective in returning foreign countries to the negotiating table and securing better trade deals for America. This short -term success has achieved record returns, and now we need to make sure that Washington does not dispel it,” Moran told Fox News Digital.

“The trust law guarantees that these dollars go to where they are needed – which reduces our national debt and protect the financial future of our nation.”

Moran’s legislation comes after the United States raised more than $ 31 billion in Customs tariff revenues In August, the highest total monthly reached 2025. The total customs tariff revenue for 2025 reached more than $ 183.6 billion, according to customs and consumption taxes issued on August 29 by the Treasury.

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The customs tariff revenues increased steadily from $ 17.4 billion in April to 23.9 billion dollars in May, before climbing to $ 28 billion in June and reaching $ 29 billion in July. At the current pace, the United States can collect the largest amount of customs tariffs in just four months to five months, as it did during the previous year. At this stage of the fiscal year 2024, the customs tariff revenues amounted to $ 86.5 billion.

An annual basis for tariff groups. (The US Treasury)

The increase in revenues coincides with the ruling of the Federal Appeal Court of this president Donald Trump His authority has exceeded by using emergency powers to impose a comprehensive global tariff.

In its decision on August 29, the court said that the authority to put such definitions fall directly with congress or within the frameworks of the current commercial policy. The ruling does not affect the definitions imposed by other legal authorities, such as Trump’s drawings on steel and aluminum imports.

Public Prosecutor Pam Bondi The Ministry of Justice announced that the Supreme Court’s decision will appeal. Meanwhile, the court allowed definitions to stay in place until October 14.

Treasury Secretary Scott Pesin It previously mentioned that the Trump administration can apply part of the customs tariff revenues towards reducing the national debt.

Scott Besin, US Treasury Secretary, during the hearing of the Roads and Means Committee in Washington, DC, on June 11, 2025. (Erik Lee/Bloomberg/Getty Emiez)

The debts of the nation, which is the amount of money in which the United States owes it 37.4 trillion dollars As of September 3, according to the Ministry of Treasury.

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The amazing number intensified the long -term discussion in Washington on government spending, taxes and efforts to curb the harmful deficit.

“Satisfaction with contentment is no longer an option. We must act urgently and start to reduce our national debt immediately,” Moran added in a statement.

BESSENT has already said that the customs tariff can generate revenues of more than $ 500 billion to the federal government. American companies pay these import taxes to the federal government, but the cost often falls on consumers, as companies raise prices to compensate for the economic burden.