Establishes the Tariffs Result in Untimely Money Problems (TRUMP) Trust Fund to assist homeowners with increased repair and rebuilding costs due to.
The bill creates the Tariffs Result in Untimely Money Problems (TRUMP) Trust Fund within the Department of Financial Services. This fund aims to provide financial assistance to homeowners facing higher repair and rebuilding costs due to increased tariffs on imported building materials. The fund will be reviewed before its scheduled termination on July 1, 2030, and is funded with $500 million from unallocated general revenue. The bill takes effect July 1, 2026.
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