The bipartisan TRUST Act would establish rescue committees that propose financial fixes for endangered trust funds that feed Social Security, Medicare, and highway projects.
If those trust funds are tapped out, they would no longer be able toor finance projects at their current levels, resulting in a cut to beneficiaries' payments and reduced funding for highway projects as those programs are forced to rely solely on incoming tax revenue due to the insolvent trust funds. To keep those trust funds from meeting that fate, a group of lawmakers has proposed a bill that would create "rescue committees" in Congress to find financial fixes for those programs.
Bipartisan bills approved by the rescue committees would receive expedited consideration in both chambers of Congress, although 60 votes would still be required to overcome the Senate's legislative filibuster.
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