LCAO Letter on the TRUST Act

LCAO is deeply concerned about efforts to include provisions of S.4323, the Time to Rescue the United States Trusts Act of 2020 (TRUST Act), from the last Congress in the COVID relief reconciliation package. The TRUST Act would create “rescue committees” to draft fast-track legislation to address the solvency of federal trust funds, including the Social Security and Medicare funds. The TRUST Act does not provide solutions for reaching solvency-or protecting benefits-rather, it would expose these vital programs to whatever across-the-board cuts the “rescue committees” may propose without amendment. This is nothing more than a backdoor means to make benefit cuts that would not be possible through the normal legislative process. 

Read the letter.