Proposed $500 Million Trust Fund for Homeowner Repair Costs

The Frame

What this does

The bill seeks to mitigate the financial impact of federal tariffs, which are estimated to increase the cost of building a new home by $10,900 and raise annual homeowners' insurance premiums by $464 per household in Florida.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Florida homeowners

They are the intended recipients of financial assistance to offset repair and rebuilding costs.

Department of Financial Services

The department is tasked with the creation and management of the new trust fund.

Construction contractors

They face increased costs for building materials and potential project delays or contract adjustments due to tariffs.

What changed

Last recorded activity March 13, 2026.

What's next

Introduced.

Background

The bill was introduced in the 2026 legislative session but failed to pass out of its initial committee. context

Summary

This bill would create a $500 million state to provide financial assistance to Florida homeowners facing increased repair and rebuilding costs caused by federal tariffs on imported building materials. The fund would be managed by the Department of Financial Services and is scheduled to terminate on July 1, 2030.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Why It Matters

The bill seeks to mitigate the financial impact of federal tariffs, which are estimated to increase the cost of building a new home by $10,900 and raise annual homeowners' insurance premiums by $464 per household in Florida.

Frequently Asked Questions

Who would be eligible for financial assistance from this fund?

The bill specifies that the fund provides financial assistance to homeowners to offset increased repair and rebuilding costs resulting from tariffs.

Where does the money for this fund come from?

The fund would consist of $500 million drawn from .

Is this fund permanent?

No, the fund is scheduled to terminate on July 1, 2030, and is subject to legislative review before that date.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift100% confidence

State-level response to federal trade policy

The bill represents a direct attempt by a state legislature to use general revenue to subsidize the local economic impacts of federal tariff policies.

Department of Financial Services Donald J. Trump

Connected Entities

organizationNational Association of Home Builders“Provided estimates on construction cost increases due to tariffs.”Map →

bill_numberSB 472“The primary legislative vehicle for the proposed trust fund.”Map →

personDonald J. Trump“President who issued the executive orders cited as the cause of the tariff-relat”Map →

dollar_amount472“The numerical identifier for the bill, also referenced as the trust fund name.”Map →

organizationDepartment of Financial Services“The state department that would manage the new trust fund.”Map →

otherTariffs Result in Untimely Money Problems (TRUMP) Trust Fund“The specific trust fund created by the bill.”Map →

date2026“The legislative session year associated with the bill.”Map →

Sources

Open source document

openstates.org

Analysis Score

0–100

Significance85
How much this matters to a regular citizen
Controversy75
Intensity of disagreement among stakeholders
Entertainment40
Compellingness for a non-policy-wonk reader
Buzz60
Current news / social attention level