[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 1950 Introduced in Senate (IS)]

<DOC>






116th CONGRESS
  1st Session
                                S. 1950

To amend the Internal Revenue Code of 1986 to return the estate, gift, 
  and generation skipping transfer tax to 2009 levels, and for other 
                               purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             June 25, 2019

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

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to return the estate, gift, 
  and generation skipping transfer tax to 2009 levels, and for other 
                               purposes.

    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 ``Strengthen Social Security by Taxing 
Dynastic Wealth Act''.

SEC. 2. ESTATE AND GIFT TAX RETURNED TO 2009 LEVELS.

    (a) Estate Tax.--
            (1) Rate schedule.--The table contained in section 2001(c) 
        of the Internal Revenue Code of 1986 is amended by striking the 
        last row and inserting the following:

    Over $1,000,000 but not over 
        $1,250,000.
                                        $345,800, plus 41 percent of 
                                                the excess of such 
                                                amount over $1,000,000.
    Over $1,250,000 but not over 
        $1,500,000.
                                        $448,300, plus 43 percent of 
                                                the excess of such 
                                                amount over $1,250,000.
    Over $1,500,000................
                                        $555,800, plus 45 percent of 
                                                the excess of such 
                                                amount over $1,500,000.

            (2) Reduction of basic exclusion amount.--Paragraph (3) of 
        section 2010(c) of the Internal Revenue Code of 1986 is amended 
        to read as follows:
            ``(3) Basic exclusion amount.--For purposes of this 
        subsection, the basic exclusion amount is $3,500,000.''.
    (b) Gift Tax.--
            (1) Limitation on basic exclusion amount for purposes of 
        determining applicable credit amount.--Paragraph (1) of section 
        2505(a) of the Internal Revenue Code of 1986 is amended by 
        inserting ``(determined as if the basic exclusion amount were 
        $1,000,000 and the deceased spousal unused exclusion amount was 
        modified under subsection (d))'' after ``calendar year''.
            (2) Modification of deceased spousal unused exclusion 
        amount.--Section 2505 of such Code is amended by adding at the 
        end the following:
    ``(d) Modification of Deceased Spousal Unused Exclusion Amount.--In 
the case of a surviving spouse who is the last spouse of the decedent 
with respect to whom an election is made under section 2010(c)(5), the 
deceased spousal unused exclusion amount with respect to such surviving 
spouse shall be determined as if such amount were the lesser of--
            ``(1) $1,000,000, and
            ``(2) applicable exclusion amount of the decedent reduced 
        by the amount with respect to which the tentative tax is 
        determined under section 2001(b)(1) on the estate of the 
        decedent.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to estates of decedents dying and gifts made after December 31, 
2019.

SEC. 3. TRANSFER OF ESTATE AND GIFT TAX REVENUE TO COMBINED SOCIAL 
              SECURITY TRUST FUND.

    (a) In General.--Section 201(a) of the Social Security Act (42 
U.S.C. 401(a)) is amended to read as follows:
    ``(a) There is hereby created on the books of the Treasury of the 
United States a trust fund to be known as the `Social Security Trust 
Fund'. The Social Security Trust Fund shall consist of the securities 
held by the Secretary of the Treasury for the Federal Old-Age and 
Survivors Insurance Trust Fund and the Federal Disability Insurance 
Trust Fund and the amount standing to the credit of the Federal Old-Age 
and Survivors Insurance Trust Fund and the Federal Disability Insurance 
Trust Fund on the books of the Treasury on January 1, 2020, which 
securities and amount the Secretary of the Treasury is authorized and 
directed to transfer to the Social Security Trust Fund, and, in 
addition, such gifts and bequests as may be made as provided in 
subsection (i)(1), and such amounts as may be appropriated to, or 
deposited in, the Social Security Trust Fund as hereinafter provided. 
There is hereby appropriated to the Social Security Trust Fund for the 
first fiscal year that begins after January 1, 2020, and for each 
fiscal year thereafter, out of any moneys in the Treasury not otherwise 
appropriated, amounts equivalent to 100 percent of--
            ``(1) the taxes imposed by chapter 21 (other than sections 
        3101(b) and 3111(b)) of the Internal Revenue Code of 1986 with 
        respect to wages (as defined in section 3121 of such Code) 
        reported to the Secretary of the Treasury pursuant to subtitle 
        F of the Internal Revenue Code of 1986, as determined by the 
        Secretary of the Treasury by applying the applicable rates of 
        tax under such chapter (other than sections 3101(b) and 
        3111(b)) to such wages, which wages shall be certified by the 
        Commissioner of Social Security on the basis of the records of 
        wages established and maintained by such Commissioner in 
        accordance with such reports;
            ``(2) the taxes imposed by chapter 2 (other than section 
        1401(b)) of the Internal Revenue Code of 1986 with respect to 
        self-employment income (as defined in section 1402 of such 
        Code) reported to the Secretary of the Treasury on tax returns 
        under subtitle F of such Code, as determined by the Secretary 
        of the Treasury by applying the applicable rate of tax under 
        such chapter (other than section 1401(b)) to such self-
        employment income, which self-employment income shall be 
        certified by the Commissioner of Social Security on the basis 
        of the records of self-employment income established and 
        maintained by the Commissioner of Social Security in accordance 
        with such returns; and
            ``(3) the taxes imposed by subtitle B of the Internal 
        Revenue Code of 1986, as determined by the Secretary of the 
        Treasury on the basis of tax returns under subpart C of part II 
        of subchapter A of chapter 61 of subtitle F of such Code.
The amounts appropriated by paragraphs (1), (2), and (3) shall be 
transferred from time to time from the general fund in the Treasury to 
the Social Security Trust Fund, such amounts to be determined on the 
basis of estimates by the Secretary of the Treasury of the taxes, 
specified in such paragraphs, paid to or deposited into the Treasury; 
and proper adjustments shall be made in amounts subsequently 
transferred to the extent prior estimates were in excess of or were 
less than the taxes specified in such paragraphs. All amounts 
transferred to the Social Security Trust Fund under the preceding 
sentence shall be invested by the Managing Trustee in the same manner 
and to the same extent as the other assets of the Trust Fund. 
Notwithstanding the preceding sentence, in any case in which the 
Secretary of the Treasury determines that the assets of the Trust Fund 
would otherwise be inadequate to meet the Trust Fund's obligations for 
any month, the Secretary of the Treasury shall transfer to the Trust 
Fund on the first day of such month the total amount which would have 
been transferred to the Trust Fund under this section as in effect on 
October 1, 1990; and the Trust Fund shall pay interest to the general 
fund on the amount so transferred on the first day of any month at a 
rate (calculated on a daily basis, and applied against the difference 
between the amount so transferred on such first day and the amount 
which would have been transferred to the Trust Fund up to that day 
under the procedures in effect on January 1, 1983) equal to the rate 
earned by the investments of the Trust Fund in the same month under 
subsection (d).''.
    (b) Required Actuarial Analysis.--Section 201(c) of the Social 
Security Act is amended by striking the fourth sentence in the matter 
following paragraph (5) and inserting the following: ``Such report 
shall also include actuarial analysis of the benefit cost with respect 
to disabled beneficiaries and their auxiliaries, to retired 
beneficiaries and their auxiliaries, and to survivor beneficiaries.''.
    (c) Board of Trustees.--
            (1) Board of trustees of social security trust fund.--
        Section 201(c) of the Social Security Act, as amended by 
        subsection (b) of this section, is further amended in the 
        matter preceding paragraph (1) by striking ``the Federal Old-
        Age and Survivors Insurance Trust Fund and the Federal 
        Disability Insurance Trust Fund (hereinafter in this title 
        called the `Trust Funds')'' and inserting ``the Social Security 
        Trust Fund (in this title referred to as the `Trust Fund')''.
            (2) Continuity of board of trustees.--The Board of Trustees 
        of the Social Security Trust Fund created by the amendment made 
        by subsection (a) shall be a continuous body with the Board of 
        Trustees of the Federal Old-Age and Survivors Insurance Trust 
        Fund and the Federal Disability Insurance Trust Fund in 
        operation prior to the effective date of such amendment. 
        Individuals serving as members of the Board of Trustees of the 
        Federal Old-Age and Survivors Insurance Trust Fund and the 
        Federal Disability Insurance Trust Fund as of the effective 
        date of such amendment shall serve the remainder of their term 
        as members of the Board of Trustees of the Social Security 
        Trust Fund.
    (d) Conforming Amendments Related to Social Security Trust Fund.--
            (1) Amendment to section heading.--The section heading for 
        section 201 of the Social Security Act is amended to read as 
        follows: ``social security trust fund''.
            (2) Board of trustees.--Section 201(c) of such Act, as 
        amended by subsections (b) and (c)(1), is further amended--
                    (A) in the matter preceding paragraph (1), by 
                striking ``Board of Trustees of the Trust Funds'' and 
                inserting ``Board of Trustees of the Trust Fund'';
                    (B) in paragraph (1), by striking ``Trust Funds'' 
                and inserting ``Trust Fund'';
                    (C) in paragraph (2)--
                            (i) by striking ``Trust Funds'' and 
                        inserting ``Trust Fund''; and
                            (ii) by striking ``their'' and inserting 
                        ``its'';
                    (D) in paragraph (3), by striking ``either of the 
                Trust Funds'' and inserting ``the Trust Fund'';
                    (E) in paragraph (5)--
                            (i) by striking ``managing the Trust 
                        Funds'' and inserting ``managing the Trust 
                        Fund''; and
                            (ii) by striking ``Trust Funds are'' and 
                        inserting ``Trust Fund is'';
                    (F) in the matter following paragraph (5), by 
                striking ``Trust Funds'' each place it appears and 
                inserting ``Trust Fund''; and
                    (G) in the second sentence in the matter following 
                paragraph (5), by striking ``whether the Federal Old-
                Age and Survivors Insurance Trust Fund and the Federal 
                Disability Insurance Trust Fund, individually and 
                collectively, are'' and inserting ``whether the Social 
                Security Trust Fund is''.
            (3) Investments.--Section 201 of such Act is amended in 
        subsections (d) and (e) by striking ``Trust Funds'' each place 
        it appears and inserting ``Trust Fund''.
            (4) Crediting of interest and proceeds to trust funds.--
        Section 201(f) of such Act is amended--
                    (A) by striking ``the Federal Old-Age and Survivors 
                Insurance Trust Fund and the Federal Disability 
                Insurance Trust Fund shall be credited to and form a 
                part of the Federal Old-Age and Survivors Insurance 
                Trust Fund and the Disability Insurance Trust Fund, 
                respectively'' and inserting ``the Social Security 
                Trust Fund shall be credited to and form a part of the 
                Social Security Trust Fund'';
                    (B) by striking ``either of the Trust Funds'' and 
                inserting ``the Trust Fund''; and
                    (C) by striking ``such Trust Fund'' and inserting 
                ``the Trust Fund''.
            (5) Administrative costs.--Section 201(g) of such Act is 
        amended--
                    (A) in paragraph (1)--
                            (i) in subparagraph (A), by striking ``Of 
                        the amounts authorized to be made available out 
                        of the Federal Old-Age and Survivors Insurance 
                        Trust Fund and the Federal Disability Insurance 
                        Trust Fund under the preceding sentence'' and 
                        all that follows through ``(Public Law 103-
                        296).'';
                            (ii) in subparagraph (B)(i)--
                                    (I) by striking subclauses (II) and 
                                (III) and inserting the following:
                    ``(II) the portion of such costs which should have 
                been borne by the Social Security Trust Fund,''; and
                                    (II) by redesignating subclauses 
                                (IV) and (V) as subclauses (III) and 
                                (IV);
                    (B) in paragraph (2)--
                            (i) by striking ``Trust Funds'' and 
                        inserting ``Trust Fund''; and
                            (ii) by striking the last sentence; and
                    (C) in paragraph (4), by striking ``Trust Funds'' 
                each place it appears and inserting ``Trust Fund''.
            (6) Benefit payments.--Section 201(h) of such Act is 
        amended to read as follows:
    ``(h) All benefit payments required to be made under this title 
shall be made only from the Social Security Trust Fund.''.
            (7) Gifts.--Section 201(i) of such Act is amended--
                    (A) in paragraph (1), by striking ``the Federal 
                Old-Age and Survivors Insurance Trust Fund, the Federal 
                Disability Insurance Trust Fund'' and inserting ``the 
                Social Security Trust Fund''; and
                    (B) in paragraph (2)(B), by striking ``the Federal 
                Old-Age and Survivors Insurance Trust Fund'' and 
                inserting ``the Social Security Trust Fund''.
            (8) Travel expenses.--Section 201(j) of such Act is amended 
        by striking ``the Federal Old-Age and Survivors Insurance Trust 
        Fund, or the Federal Disability Insurance Trust Fund (as 
        determined appropriate by the Commissioner of Social 
        Security)'' and inserting ``the Social Security Trust Fund''.
            (9) Demonstration projects.--Section 201(k) of such Act is 
        amended by striking ``the Federal Disability Insurance Trust 
        Fund and the Federal Old-Age and Survivors Insurance Trust 
        Fund, as determined appropriate by the Commissioner of Social 
        Security'' and inserting ``the Social Security Trust Fund''.
            (10) Benefit checks.--Section 201(m) of such Act is 
        amended--
                    (A) in paragraph (2), by striking ``each of the 
                Trust Funds'' and inserting ``the Social Security Trust 
                Fund'';
                    (B) in paragraph (3), by striking ``one of the 
                Trust Funds'' and inserting ``the Trust Fund''; and
                    (C) by striking ``such Trust Fund'' each place it 
                appears and inserting ``the Trust Fund''.
            (11) Conforming repeals.--
                    (A) In general.--Section 201 of such Act is amended 
                by striking subsections (b), (l), and (n).
                    (B) Redesignations.--Section 201 of such Act is 
                further amended--
                            (i) by redesignating subsections (c) 
                        through (j) as subsections (b) through (i), 
                        respectively;
                            (ii) by redesignating subsection (k) as 
                        subsection (j); and
                            (iii) by redesignating subsection (m) as 
                        subsection (k).
                    (C) References to redesignated sections.--
                            (i) Section 201(a) of such Act, as amended 
                        by subsection (a) of this section, is further 
                        amended--
                                    (I) by striking ``subsection 
                                (i)(1)'' and inserting ``subsection 
                                (h)(1)''; and
                                    (II) by striking ``subsection (d)'' 
                                and inserting ``subsection (c)''.
                            (ii) Section 1131(b)(1) of such Act is 
                        amended by striking ``section 201(g)(1)'' and 
                        inserting ``section 201(f)(1)''.
    (e) Other Conforming Amendments to Social Security Act.--
            (1) Title ii.--Title II of the Social Security Act (42 
        U.S.C. 401 et seq.) is amended--
                    (A) in section 202(x)(3)(B)(iii), by striking ``the 
                Federal Old-Age and Survivors Insurance Trust Fund and 
                the Federal Disability Insurance Trust Fund, as 
                appropriate,'' and inserting ``the Social Security 
                Trust Fund'';
                    (B) in section 206(d)(5), by striking ``the Federal 
                Old-Age and Survivors Insurance Trust Fund and the 
                Federal Disability Insurance Trust Fund, as 
                appropriate'' and inserting ``the Social Security Trust 
                Fund'';
                    (C) in section 206(e)(3)(B), by striking ``the 
                Federal Old-Age and Survivors Insurance Trust Fund and 
                the Federal Disability Insurance Trust Fund'' and 
                inserting ``the Social Security Trust Fund'';
                    (D) in section 208(b)(5)(A), by striking ``the 
                Federal Old-Age and Survivors Insurance Trust Fund and 
                the Federal Disability Insurance Trust Fund, as 
                appropriate'' and inserting ``the Social Security Trust 
                Fund'';
                    (E) in section 215(i)(1)(F)--
                            (i) in clause (i)--
                                    (I) by striking ``the combined 
                                balance in the Federal Old-Age and 
                                Survivors Insurance Trust Fund and the 
                                Federal Disability Insurance Trust 
                                Fund'' and inserting ``the balance in 
                                the Social Security Trust Fund''; and
                                    (II) by striking ``and reduced by 
                                the outstanding amount of any loan 
                                (including interest thereon) 
                                theretofore made to either such Fund 
                                from the Federal Hospital Insurance 
                                Trust Fund under section 201(l)''; and
                            (ii) in clause (ii)--
                                    (I) by striking ``the Federal Old-
                                Age and Survivors Insurance Trust Fund 
                                and the Federal Disability Insurance 
                                Trust Fund'' and inserting ``the Social 
                                Security Trust Fund''; and
                                    (II) by striking ``(other than 
                                payments'' and all that follows through 
                                ``from that Account'';
                    (F) in section 217(g)(2), by inserting after the 
                first sentence the following: ``For purposes of any 
                such revision of the amount determined under paragraph 
                (1) that occurs in a year after 2015, any reference in 
                such paragraph to the Federal Old-Age and Survivors 
                Insurance Trust Fund or the Federal Disability 
                Insurance Trust Fund shall be deemed to be a reference 
                to the Social Security Trust Fund.'';
                    (G) in section 221(e)--
                            (i) by striking ``Trust Funds'' each place 
                        it appears and inserting ``Trust Fund''; and
                            (ii) by striking the last sentence;
                    (H) in section 221(f), by striking ``Trust Funds'' 
                and inserting ``Trust Fund'';
                    (I) in section 222(d)--
                            (i) in the section heading, by striking 
                        ``Trust Funds'' and inserting ``Trust Fund'';
                            (ii) in paragraph (1), by striking ``to the 
                        end that savings will accrue to the Trust Funds 
                        as a result of rehabilitating such individuals, 
                        there are authorized to be transferred from the 
                        Federal Old-Age and Survivors Insurance Trust 
                        Fund and the Federal Disability Insurance Trust 
                        Fund'' and inserting ``to the end that savings 
                        will accrue to the Trust Fund as a result of 
                        rehabilitating such individuals, there are 
                        authorized to be transferred from the Social 
                        Security Trust Fund''; and
                            (iii) by amending paragraph (4) to read as 
                        follows:
    ``(4) The Commissioner of Social Security shall determine according 
to such methods and procedures as the Commissioner may deem appropriate 
the total amount to be reimbursed for the cost of services under this 
subsection.'';
                    (J) in section 228(g)--
                            (i) in the section heading, by striking 
                        ``Federal Old-Age and Survivors Insurance Trust 
                        Fund'' and inserting ``Social Security Trust 
                        Fund''; and
                            (ii) in the matter preceding paragraph (1), 
                        by striking ``Federal Old-Age and Survivors 
                        Insurance Trust Fund'' and inserting ``Social 
                        Security Trust Fund'';
                    (K) in section 231(c), by striking ``Trust Funds'' 
                each place it appears and inserting ``Trust Fund''; and
                    (L) in section 234(a)(1), by striking ``Trust 
                Funds'' and inserting ``Trust Fund''.
            (2) Title vii.--Title VII of the Social Security Act (42 
        U.S.C. 901 et seq.) is amended--
                    (A) in section 703(j), by striking ``Federal 
                Disability Insurance Trust Fund, the Federal Old-Age 
                and Survivors Insurance Trust Fund,'' and inserting 
                ``Social Security Trust Fund'';
                    (B) in section 708(c), by striking ``the `OASDI 
                trust fund ratio' under section 201(l),'' after 
                ``computing'';
                    (C) in section 709--
                            (i) in subsection (a), by striking 
                        ``Federal Old-Age and Survivors Insurance Trust 
                        Fund and the Federal Disability Insurance Trust 
                        Fund'' and inserting ``Social Security Trust 
                        Fund''; and
                            (ii) in subsection (b)--
                                    (I) in paragraph (1), by striking 
                                ``section 201(l) or''; and
                                    (II) in paragraph (2), by striking 
                                ``Federal Old-Age and Survivors 
                                Insurance Trust Fund and the Federal 
                                Disability Insurance Trust Fund'' and 
                                inserting ``Social Security Trust 
                                Fund''; and
                    (D) in section 710--
                            (i) in subsection (a), by striking 
                        ``Federal Old-Age and Survivors Insurance Trust 
                        Fund and the Federal Disability Insurance Trust 
                        Fund'' and inserting ``Social Security Trust 
                        Fund''; and
                            (ii) in subsection (b)--
                                    (I) by striking ``any Trust Fund 
                                specified in subsection (a)'' and 
                                inserting ``the Social Security Trust 
                                Fund''; and
                                    (II) by striking ``payments from 
                                any such Trust Fund'' and inserting 
                                ``payments from the Social Security 
                                Trust Fund''.
            (3) Title xi.--Title XI of the Social Security Act (42 
        U.S.C. 1301 et seq.) is amended--
                    (A) in section 1106(b), by striking ``the Federal 
                Old-Age and Survivors Insurance Trust Fund, the Federal 
                Disability Insurance Trust Fund'' and inserting ``the 
                Social Security Trust Fund'';
                    (B) in section 1129(e)(2)(A), by striking ``the 
                Federal Old-Age and Survivors Insurance Trust Fund or 
                the Federal Disability Insurance Trust Fund, as 
                determined appropriate by the Secretary'' and inserting 
                ``the Social Security Trust Fund'';
                    (C) in sections 1131(b)(2) and 1140(c)(2), by 
                striking ``the Federal Old-Age and Survivors Insurance 
                Trust Fund'' and inserting ``the Social Security Trust 
                Fund'';
                    (D) in section 1145(c)--
                            (i) by striking paragraphs (1) and (2) and 
                        inserting the following:
            ``(1) the Social Security Trust Fund;''; and
                            (ii) by redesignating paragraphs (3) and 
                        (4) as paragraphs (2) and (3), respectively; 
                        and
                    (E) in section 1148(j)(1)(A)--
                            (i) in the first sentence, by striking 
                        ``the Federal Old-Age and Survivors Insurance 
                        Trust Fund and the Federal Disability Insurance 
                        Trust Fund'' and inserting ``the Social 
                        Security Trust Fund''; and
                            (ii) by striking the second sentence.
            (4) Title xviii.--Title XVIII of the Social Security Act 
        (42 U.S.C. 1395) is amended--
                    (A) in section 1817(g), by striking ``Federal Old-
                Age and Survivors Insurance Trust Fund and from the 
                Federal Disability Insurance Trust Fund'' and inserting 
                ``Social Security Trust Fund'';
                    (B) in section 1840(a)(2), by striking ``Federal 
                Old-Age and Survivors Insurance Trust Fund or the 
                Federal Disability Insurance Trust Fund'' and inserting 
                ``Social Security Trust Fund''; and
                    (C) in section 1841(f), by striking ``Federal Old-
                Age and Survivors Insurance Trust Fund and from the 
                Federal Disability Insurance Trust Fund'' and inserting 
                ``Social Security Trust Fund''.
    (f) Conforming Amendments Outside of Social Security Act.--
            (1) Budget.--
                    (A) Off-budget exemption.--Section 405(a) of the 
                Congressional Budget Act of 1974 (2 U.S.C. 655(a)) is 
                amended by striking ``Federal Old-Age and Survivors 
                Insurance and Federal Disability Insurance Trust 
                Funds'' and inserting ``Social Security Trust Fund''.
                    (B) Sequestration exemption.--Section 255(g)(1)(A) 
                of the Balanced Budget and Emergency Deficit Control 
                Act of 1985 (2 U.S.C. 905(g)(1)(A)) is amended by 
                striking ``Payments to Social Security Trust Funds'' 
                and inserting ``Payments to the Social Security Trust 
                Fund''.
            (2) Tax.--
                    (A) Taxable wages.--Section 3121(l)(4) of the 
                Internal Revenue Code of 1986 is amended by striking 
                ``Federal Old-Age and Survivors Insurance Trust Fund 
                and the Federal Disability Insurance Trust Fund'' and 
                inserting ``Social Security Trust Fund''.
                    (B) Overpayments.--
                            (i) Section 6402(d)(3)(C) of the Internal 
                        Revenue Code of 1986 is amended by striking 
                        ``Federal Old-Age and Survivors Insurance Trust 
                        Fund or the Federal Disability Insurance Trust 
                        Fund, whichever is certified to the Secretary 
                        as appropriate by the Commissioner of Social 
                        Security'' and inserting ``Social Security 
                        Trust Fund''.
                            (ii) Subsection (f)(2)(B) of section 3720A 
                        of title 31, United States Code, is amended by 
                        striking ``Federal Old-Age and Survivors 
                        Insurance Trust Fund or the Federal Disability 
                        Insurance Trust Fund, whichever is certified to 
                        the Secretary of the Treasury as appropriate by 
                        the Commissioner of Social Security'' and 
                        inserting ``Social Security Trust Fund''.
            (3) False claims penalties.--Subsection (g)(2) of section 
        3806 of title 31, United States Code, is amended--
                    (A) in subparagraph (B)--
                            (i) by striking ``Secretary of Health and 
                        Human Services'' and inserting ``Commissioner 
                        of Social Security''; and
                            (ii) by striking ``Federal Old-Age and 
                        Survivors Insurance Trust Fund'' and inserting 
                        ``Social Security Trust Fund''; and
                    (B) in subparagraph (C)--
                            (i) by striking ``Secretary of Health and 
                        Human Services'' and inserting ``Commissioner 
                        of Social Security''; and
                            (ii) by striking ``Federal Disability 
                        Insurance Trust Fund'' and inserting ``Social 
                        Security Trust Fund''.
            (4) Railroad retirement board.--Section 7 of the Railroad 
        Retirement Act of 1974 (45 U.S.C. 231f) is amended--
                    (A) in subsection (b)(2), by striking ``Federal 
                Old-Age and Survivors Insurance Trust Fund and the 
                Federal Disability Insurance Trust Fund'' and inserting 
                ``Social Security Trust Fund'';
                    (B) in subsection (c)(2)--
                            (i) by striking ``Secretary of Health, 
                        Education, and Welfare'' each time it appears 
                        and inserting ``Commissioner of Social 
                        Security''; and
                            (ii) by striking ``Federal Old-Age and 
                        Survivors Insurance Trust Fund, the Federal 
                        Disability Insurance Trust Fund,'' each time it 
                        appears and inserting ``Social Security Trust 
                        Fund''; and
                    (C) in subsection (c)(4), by striking ``Federal 
                Old-Age and Survivors Insurance Trust Fund, the Federal 
                Disability Insurance Trust Fund,'' and inserting 
                ``Social Security Trust Fund''.
    (g) Rule of Construction.--Effective beginning on January 1, 2020, 
any reference in law to the ``Federal Old-Age and Survivors Insurance 
Trust Fund'' or the ``Federal Disability Insurance Trust Fund'' is 
deemed to be a reference to the Social Security Trust Fund.
    (h) Effective Date.--The amendments made by this section shall take 
effect on January 1, 2020.
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