Will the TRUST Act Save Social Security?
Few issues are as controversial politically as Social Security. Even when faced with clear evidence of a coming financial disaster for the program, lawmakers in Washington have struggled even to address Social Security's problems, let alone come up with viable solutions.
It's largely in recognition of past failures in Congress to handle Social Security well that some lawmakers want to look at alternative ways of coming up with a viable strategic plan to save the program. Not everyone agrees with the new legislation, dubbed the Time to Rescue United States Trusts Act or TRUST Act for short. Yet it's a game plan that's worked before, and it might be the best bet for a solution this time around as well.
Senate lawmakers recently introduced the TRUST Act of 2020, with Sen. Mitt Romney (R-Utah) spearheading the bipartisan effort. In total, 15 senators -- 10 Republicans, four Democrats, and an independent -- cosponsored the legislation. A similar bill has been introduced in the House, with dozens of representatives calling for its provisions to become part of broader legislation to help Americans financially.
Source Fool.com
