# 119-s-4196: Strengthen Social Security by Taxing Dynastic Wealth Act

119-s-4196, Strengthen Social Security by Taxing Dynastic Wealth Act, is a 119th Congress bill sponsored by Sen. Van Hollen, Chris [D-MD] (D-MD); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-4196
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4196
- Congress: 119
- Title: Strengthen Social Security by Taxing Dynastic Wealth Act
- Status: introduced
- Introduced: 2026-03-25
- Sponsor: Sen. Van Hollen, Chris [D-MD] (D-MD)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**This bill would target concentrated inherited wealth and bolster Social Security by _taxing dynastic wealth_ and creating a unified Social Security Trust Fund.** - Families and estates face higher estate taxes and tighter gift rules. The basic exclusion becomes $3.5 million and the top estate tax rate rises to 45%. It also changes how the deceased spousal unused exclusion is calculated, generally capping that spousal benefit. - Workers and beneficiaries would see Social Security accounting changed. The bill would combine the Old‑Age and Survivors Insurance and Disability Insurance assets into a single Social Security Trust Fund and require annual transfers equal to 100% of specified payroll and self‑employment taxes starting for the fiscal year after January 1, 2027. - Federal administration and law would be updated to match the change. Numerous statutes and budget rules would be edited to rename the two trust funds as the Social Security Trust Fund and keep the existing Board of Trustees in place.

## Provisions PRIA read

- Single Social Security Trust Fund: benefit, high. This bill would create one consolidated Social Security Trust Fund starting January 1, 2027. Each fiscal year after that, it would appropriate into that fund amounts equal to 100% of specified payroll, self-employment, and related taxes. It would transfer existing OASI and DI assets into the new fu…
- Higher estate and gift taxes: cost, high. This bill would lower the lifetime estate and gift tax exclusion to $3,500,000 for deaths and gifts after December 31, 2026. It would add three top estate tax brackets: 41% and 43% for mid ranges, and 45% on amounts above $1,500,000 (for example, estates over $1,500,000 would pay $555,800 plus 45%…

## Related bills

- 119-s-2819: Head Start for America's Children Act
- 119-s-5283: Momnibus Act
- 119-s-4504: Full-Service Community School Expansion Act of 2026
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2823: FAMILY Act
- 119-s-2763: Keep Billionaires Out of Social Security Act

## Sources
- [119-s-4196 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4196)

## Related
- [119-s-2819: Head Start for America's Children Act](https://policyrisk.com/legislation/119-s-2819)
- [119-s-5283: Momnibus Act](https://policyrisk.com/legislation/119-s-5283)
- [119-s-4504: Full-Service Community School Expansion Act of 2026](https://policyrisk.com/legislation/119-s-4504)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2823: FAMILY Act](https://policyrisk.com/legislation/119-s-2823)
- [119-s-2763: Keep Billionaires Out of Social Security Act](https://policyrisk.com/legislation/119-s-2763)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4196 (as of 2026-04-21).