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Medicare Investment and Gun Violence Prevention Act
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.
Summary
This bill repeals the elimination of federal excise taxes on certain firearms under the National Firearms Act and restores those taxes. Specifically, it reinstates a $200 transfer tax on most firearms and a $5 transfer tax on certain firearms classified as "any other weapons," as well as a $200 manufacturing tax on firearms. The taxes take effect 90 days after enactment, and revenue generated from the taxes is deposited into the Medicare Part A trust fund. The bill also appropriates $1.7 billion to the Medicare Part A trust fund for fiscal year 2026.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
4 cosponsors
- Sen. Booker, Cory A. [D-NJ] (D-NJ)
- Sen. Shaheen, Jeanne [D-NH] (D-NH)
- Sen. Van Hollen, Chris [D-MD] (D-MD)
- Sen. Wyden, Ron [D-OR] (D-OR)
Actions (2)
- Dec 16, 2025 Read twice and referred to the Committee on Finance. · senate
- Dec 16, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
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. <all>
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