[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 1422 Introduced in Senate (IS)]

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116th CONGRESS
  1st Session
                                S. 1422

To transfer revenues from the net investment income tax to the Federal 
                     Hospital Insurance Trust Fund.


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                   IN THE SENATE OF THE UNITED STATES

                              May 13, 2019

   Mr. Casey introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

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                                 A BILL


 
To transfer revenues from the net investment income tax to the Federal 
                     Hospital Insurance Trust Fund.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the `` Strengthening the Medicare Trust 
Fund Act''.

SEC. 2. TRANSFER OF NET INVESTMENT INCOME TAX REVENUES TO THE FEDERAL 
              HOSPITAL INSURANCE TRUST FUND.

    Section 1817(a) of the Social Security Act (42 U.S.C. 1395i(a)) is 
amended by striking ``and'' at the end of paragraph (1), by striking 
the period at the end of paragraph (2) and inserting ``; and'', and by 
inserting after paragraph (2) the following new paragraph:
            ``(3) the taxes imposed by section 1411 of the Internal 
        Revenue Code of 1986 for any taxable year beginning after 
        December 31, 2018, as determined by the Secretary of the 
        Treasury or the Secretary's delegate based on tax returns under 
        subtitle F of such Code.''.
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