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 fund will consist of $500 million sourced from unallocated general revenue and is intended to address the economic impact of rising construction material costs, which have been exacerbated by tariffs on imports from Canada and Mexico.

The TRUMP Trust Fund is set to be reviewed before its scheduled termination on July 1, 2030, in accordance with state constitutional provisions. The bill is designed to take effect on July 1, 2026, allowing time for the establishment and funding of the trust fund to assist homeowners in managing the financial burdens resulting from increased construction costs.