summary
Introduced
12/16/2025
12/16/2025
In Committee
12/16/2025
12/16/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
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.
AI Summary
This bill, titled the Medicare Investment and Gun Violence Prevention Act, proposes to reinstate taxes on certain firearms that were previously eliminated. Specifically, it would re-establish a $200 tax on the transfer and manufacturing of firearms classified under the National Firearms Act (NFA), with a reduced $5 tax for firearms classified as "any other weapon." The bill also makes a conforming amendment to strike a sentence related to these taxes. The intention behind reinstating these taxes is to generate revenue, which would then be deposited into the Medicare Part A trust fund, also known as the Federal Hospital Insurance Trust Fund, to provide an additional $1.7 billion for fiscal year 2026. This action aims to bolster Medicare's financial stability while simultaneously addressing gun violence prevention through revenue generation.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to the House Committee on Ways and Means. (on 12/16/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/house-bill/6743/all-info |
| BillText | https://www.congress.gov/119/bills/hr6743/BILLS-119hr6743ih.pdf |
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