The bill establishes the Tariffs Result in Untimely Money Problems (TRUMP) Trust Fund, created under section 624.3154 of the Florida Statutes. This trust fund aims to provide financial assistance to homeowners facing increased repair and rebuilding costs due to tariffs imposed by federal policies, particularly those enacted by President Donald J. Trump. The legislation recognizes the economic impact of these tariffs, which have significantly raised the costs of construction materials, leading to higher homeowners insurance premiums and overall construction expenses.

The TRUMP Trust Fund will be funded with $500 million drawn from unallocated general revenue and is set to be reviewed before its scheduled termination on July 1, 2030. The bill outlines that the trust fund will be terminated unless action is taken sooner, ensuring that it is subject to legislative oversight. The effective date for this act is July 1, 2026.