Tariff Trust Fund

(a) Establishment There is hereby established in the Treasury of the United States a fund to be known as the Tariff Trust Fund (in this section referred to as the Fund). (b) Deposit of funds Notwithstanding any other provision of law, if the United States— (1) maintains a budget deficit for any fiscal year beginning with fiscal year 2026, and (2) continues to maintain a budget deficit for the subsequent fiscal year, amounts collected from the imposition of duties under any provision of law for such subsequent fiscal year that are in excess of the amount collected from the imposition of duties under any provision of law for fiscal year 2025 shall be deposited in the Fund established by subsection (a). (c) Use of funds Amounts deposited in the Fund under subsection (b) shall be transferred to the general fund of the Treasury and used only for deficit reduction. (d) Effective date This Act shall take effect on the date of the enactment of this Act and shall apply with respect to amounts collected from the imposition of duties beginning on and after October 1, 2025.