Medicare Investment and Gun Violence Prevention Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 3512 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
                                S. 3512

To amend the Internal Revenue Code of 1986 to repeal the elimination of 
tax on certain firearms under the National Firearms Act and to deposit 
            the savings into the Medicare part A trust fund.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           December 16, 2025

Ms. Alsobrooks (for herself, Mr. Wyden, Mr. Van Hollen, Mr. Booker, and 
 Mrs. Shaheen) introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to repeal the elimination of 
tax on certain firearms under the National Firearms Act and to deposit 
            the savings into the Medicare part A trust fund.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Medicare Investment and Gun Violence 
Prevention Act''.

SEC. 2. REPEAL OF ELIMINATION OF TRANSFER AND MANUFACTURING TAXES FOR 
              CERTAIN FIREARMS.

    (a) Transfer Tax.--Section 5811(a) of the Internal Revenue Code of 
1986, as amended by section 70436(a) of Public Law 119-21, is amended 
to read as follows:
    ``(a) Rate.--There shall be levied, collected, and paid on firearms 
transferred a tax at the rate of $200 for each firearm transferred, 
except, the transfer tax on any firearm classified as any other weapon 
under section 5845(e) shall be at the rate of $5 for each such firearm 
transferred.''.
    (b) Making Tax.--Section 5821(a) of the Internal Revenue Code of 
1986, as amended by section 70436(b) of Public Law 119-21, is amended 
to read as follows:
    ``(a) Rate.--There shall be levied, collected, and paid upon the 
making of a firearm a tax at the rate of $200 for each firearm made.''.
    (c) Conforming Amendment.--Section 4182(a) of the Internal Revenue 
Code of 1986, as amended by section 70436(c) of Public Law 119-21, is 
amended by striking the second sentence.
    (d) Effective Date.--The amendments made by this section shall 
apply to calendar quarters beginning more than 90 days after the date 
of enactment of this Act.

SEC. 3. ADDITIONAL FUNDING FOR THE MEDICARE PART A TRUST FUND.

    In addition to amounts otherwise made available, there is 
appropriated to the Federal Hospital Insurance Trust Fund under section 
1817 of the Social Security Act (42 U.S.C. 1395i) for fiscal year 2026, 
out of any money in the Treasury not otherwise appropriated, 
$1,700,000,000, to remain available until expended.
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