Fair Trusts for Fiscal Responsibility Act

This bill, titled "A bill to amend the Internal Revenue Code of 1986 to provide a tax on the assets of trusts, and for other purposes," was introduced in the 119th Congress on May 12, 2026. The bill aims to amend the tax laws to impose a tax specifically on the assets held in trusts. The specific provisions and directives within the bill, along with any further details, would be available in the official PDF version linked in the context.