Medicare Investment and Gun Violence Prevention Act
Summary
What This Bill Does
This bill reverses Public Law 119-21 changes that eliminated certain National Firearms Act transfer and making taxes. It restores a $200 tax on each covered firearm transfer, keeps the $5 transfer tax for items classified as any other weapon under section 5845(e), restores a $200 tax on each covered firearm made, and appropriates $1.7 billion to the Federal Hospital Insurance Trust Fund for fiscal year 2026, to remain available until expended.
Who Benefits and How
The Medicare Hospital Insurance Trust Fund and Medicare Part A beneficiaries benefit from a direct $1.7 billion fiscal year 2026 appropriation. The bill also channels federal firearm tax policy toward revenue collection tied to covered firearm transfers and manufacturing.
Who Bears the Burden and How
Firearm manufacturers, firearm makers, firearm transferees, firearm dealers, and IRS excise tax administrators must handle restored federal tax liability, collection, payment, and compliance. Federal taxpayers fund the $1.7 billion trust-fund appropriation from Treasury funds not otherwise appropriated.
Key Provisions
- Restores the $200 federal transfer tax for covered firearm transfers.
- Preserves the $5 transfer tax for firearms classified as any other weapon.
- Restores the $200 federal making tax for covered firearms.
- Appropriates $1.7 billion to the Medicare Hospital Insurance Trust Fund for fiscal year 2026.
- Requires IRS excise tax administration for the restored firearm taxes.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
Restore federal transfer and making taxes on certain firearms and appropriate $1.7 billion to the Medicare Hospital Insurance Trust Fund for fiscal year 2026.
Key Policy Areas
Tax, Medicare, Firearms
Primary Purpose
Restore federal transfer and making taxes on certain firearms and appropriate $1.7 billion to the Medicare Hospital Insurance Trust Fund for fiscal year 2026.
Policy Domains
Substantive provisions
Identified Gains
- Federal Hospital Insurance Trust Fund
- Medicare Part A beneficiaries
- Medicare program administrators
Identified Costs
- Firearm manufacturers
- Firearm transferees
- Firearm dealers
- IRS excise tax administrators
- Federal taxpayers
Sponsors
Maxwell Frost
D-FL | Primary Sponsor
Legislative Progress
In CommitteeMr. Frost (for himself and Mr. Neguse) introduced the following …
Referred to the House Committee on Ways and Means.
Introduced in House
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Federal Hospital Insurance Trust Fund, Medicare Part A beneficiaries
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "Beneficiaries"
- → ['Federal Hospital Insurance Trust Fund', 'Medicare beneficiaries', 'Medicare administrators']
- "Taxpayers and collectors"
- → ['Manufacturers', 'Transferees', 'Dealers', 'IRS administrators', 'Federal taxpayers']
Key Definitions
Terms defined in this bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology