December 16, 2025
Mr. Frost (for himself and Mr. Neguse) introduced the following bill; which was referred to the Committee on Ways and Means
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.
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.