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S3512119th CongressWALLET

Medicare Investment and Gun Violence Prevention Act

Sponsored By: Senator Alsobrooks, Angela D. [D-MD]

Introduced

Summary

This bill would restore federal firearm transfer and manufacturing taxes to generate revenue for Medicare Part A. It would also appropriate $1.7 billion to the Federal Hospital Insurance Trust Fund for fiscal year 2026.

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  • Seniors and Medicare beneficiaries: Would add a dedicated $1.7 billion appropriation to the Federal Hospital Insurance (Medicare Part A) Trust Fund for FY2026, with that money remaining available until expended.
  • Firearm buyers and manufacturers: Would reimpose a $200 transfer tax for each firearm transferred and a $200 manufacturing tax for each firearm made, and set a $5 rate for firearms classified as "any other weapon" under 26 U.S.C. 5845(e). The tax changes would apply to calendar quarters beginning more than 90 days after enactment.

*Would increase dedicated funding for Medicare Part A by $1.7 billion in FY2026 and restore firearm transfer and manufacturing taxes to supply revenue for the Federal Hospital Insurance Trust Fund.*

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Extra $1.7 billion for Medicare

If enacted, the bill would appropriate $1.7 billion to the Federal Hospital Insurance (Medicare Part A) Trust Fund for fiscal year 2026. The money would come from Treasury funds not otherwise appropriated and be in addition to other funding. The appropriation would remain available until expended. This would increase funds available for Medicare hospital insurance and the providers paid by that program.

Higher firearm making and transfer taxes

If enacted, the bill would restore federal excise taxes on making and transferring firearms. It would impose a $200 tax for each firearm made. It would impose a $200 tax for each firearm transferred, except transfers of firearms classed as an "any other weapon" would be taxed $5 each under 26 U.S.C. 5845(e). These tax rules would apply for calendar quarters beginning more than 90 days after the date of enactment. Manufacturers, dealers, gunsmiths, and other transferors would be the parties required to pay the tax, and sellers may pass some cost to buyers.

Sponsors & CoSponsors

Sponsor

Alsobrooks, Angela D. [D-MD]

MD • D

Cosponsors

  • Sen. Wyden, Ron [D-OR]

    OR • D

    Sponsored 12/16/2025

  • Sen. Van Hollen, Chris [D-MD]

    MD • D

    Sponsored 12/16/2025

  • Sen. Booker, Cory A. [D-NJ]

    NJ • D

    Sponsored 12/16/2025

  • Sen. Shaheen, Jeanne [D-NH]

    NH • D

    Sponsored 12/16/2025

Roll Call Votes

No roll call votes available for this bill.

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