II 

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. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Strengthen Social Se5 curity by Taxing Dynastic Wealth Act’’. 

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

7 (a) ESTATE TAX.— 

8 (1) RATE SCHEDULE.—The table contained in 

9 section 2001(c) of the Internal Revenue Code of 


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1 1986 is amended by striking the last row and insert2 ing 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. 

3 (2) REDUCTION OF BASIC EXCLUSION

4 AMOUNT.—Paragraph (3) of section 2010(c) of the 

5 Internal Revenue Code of 1986 is amended to read 

6 as follows: 

7 ‘‘(3) BASIC EXCLUSION AMOUNT.—For pur8 poses of this subsection, the basic exclusion amount 

9 is $3,500,000.’’. 

10 (b) GIFT TAX.— 

11 (1) LIMITATION ON BASIC EXCLUSION AMOUNT

12 FOR PURPOSES OF DETERMINING APPLICABLE

13 CREDIT AMOUNT.—Paragraph (1) of section 2505(a) 

14 of the Internal Revenue Code of 1986 is amended by 

15 inserting ‘‘(determined as if the basic exclusion 

16 amount were $1,000,000 and the deceased spousal 

17 unused exclusion amount was modified under sub18 section (d))’’ after ‘‘calendar year’’. 

19 (2) MODIFICATION OF DECEASED SPOUSAL UN20 USED EXCLUSION AMOUNT.—Section 2505 of such 

21 Code is amended by adding at the end the following: 


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1 ‘‘(d) MODIFICATION OF DECEASED SPOUSAL UN2 USED EXCLUSION AMOUNT.—In the case of a surviving 

3 spouse who is the last spouse of the decedent with respect 

4 to whom an election is made under section 2010(c)(5), the 

5 deceased spousal unused exclusion amount with respect to 

6 such surviving spouse shall be determined as if such 

7 amount were the lesser of— 

8 ‘‘(1) $1,000,000, and 

9 ‘‘(2) applicable exclusion amount of the dece10 dent reduced by the amount with respect to which 

11 the tentative tax is determined under section 

12 2001(b)(1) on the estate of the decedent.’’. 

13 (c) EFFECTIVE DATE.—The amendments made by 

14 this section shall apply to estates of decedents dying and 

15 gifts made after December 31, 2019. 

16 SEC. 3. TRANSFER OF ESTATE AND GIFT TAX REVENUE TO 

17 COMBINED SOCIAL SECURITY TRUST FUND. 

18 (a) IN GENERAL.—Section 201(a) of the Social Secu19 rity Act (42 U.S.C. 401(a)) is amended to read as follows: 

20 ‘‘(a) There is hereby created on the books of the 

21 Treasury of the United States a trust fund to be known 

22 as the ‘Social Security Trust Fund’. The Social Security 

23 Trust Fund shall consist of the securities held by the Sec24 retary of the Treasury for the Federal Old-Age and Sur25 vivors Insurance Trust Fund and the Federal Disability 


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1 Insurance Trust Fund and the amount standing to the 

2 credit of the Federal Old-Age and Survivors Insurance 

3 Trust Fund and the Federal Disability Insurance Trust 

4 Fund on the books of the Treasury on January 1, 2020, 

5 which securities and amount the Secretary of the Treasury 

6 is authorized and directed to transfer to the Social Secu7 rity Trust Fund, and, in addition, such gifts and bequests 

8 as may be made as provided in subsection (i)(1), and such 

9 amounts as may be appropriated to, or deposited in, the 

10 Social Security Trust Fund as hereinafter provided. There 

11 is hereby appropriated to the Social Security Trust Fund 

12 for the first fiscal year that begins after January 1, 2020, 

13 and for each fiscal year thereafter, out of any moneys in 

14 the Treasury not otherwise appropriated, amounts equiva15 lent to 100 percent of— 

16 ‘‘(1) the taxes imposed by chapter 21 (other 

17 than sections 3101(b) and 3111(b)) of the Internal 

18 Revenue Code of 1986 with respect to wages (as de19 fined in section 3121 of such Code) reported to the 

20 Secretary of the Treasury pursuant to subtitle F of 

21 the Internal Revenue Code of 1986, as determined 

22 by the Secretary of the Treasury by applying the ap23 plicable rates of tax under such chapter (other than 

24 sections 3101(b) and 3111(b)) to such wages, which 

25 wages shall be certified by the Commissioner of SoVerDate Sep 11 2014 22:47 Jun 27, 2019 Jkt 034408 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\S1950.IS S1950

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1 cial Security on the basis of the records of wages es2 tablished and maintained by such Commissioner in 

3 accordance with such reports; 

4 ‘‘(2) the taxes imposed by chapter 2 (other than 

5 section 1401(b)) of the Internal Revenue Code of 

6 1986 with respect to self-employment income (as de7 fined in section 1402 of such Code) reported to the 

8 Secretary of the Treasury on tax returns under sub9 title F of such Code, as determined by the Secretary 

10 of the Treasury by applying the applicable rate of 

11 tax under such chapter (other than section 1401(b)) 

12 to such self-employment income, which self-employ13 ment income shall be certified by the Commissioner 

14 of Social Security on the basis of the records of self15 employment income established and maintained by 

16 the Commissioner of Social Security in accordance 

17 with such returns; and 

18 ‘‘(3) the taxes imposed by subtitle B of the In19 ternal Revenue Code of 1986, as determined by the 

20 Secretary of the Treasury on the basis of tax returns 

21 under subpart C of part II of subchapter A of chap22 ter 61 of subtitle F of such Code. 

23 The amounts appropriated by paragraphs (1), (2), and (3) 

24 shall be transferred from time to time from the general 

25 fund in the Treasury to the Social Security Trust Fund, 


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1 such amounts to be determined on the basis of estimates 

2 by the Secretary of the Treasury of the taxes, specified 

3 in such paragraphs, paid to or deposited into the Treas4 ury; and proper adjustments shall be made in amounts 

5 subsequently transferred to the extent prior estimates 

6 were in excess of or were less than the taxes specified in 

7 such paragraphs. All amounts transferred to the Social 

8 Security Trust Fund under the preceding sentence shall 

9 be invested by the Managing Trustee in the same manner 

10 and to the same extent as the other assets of the Trust 

11 Fund. Notwithstanding the preceding sentence, in any 

12 case in which the Secretary of the Treasury determines 

13 that the assets of the Trust Fund would otherwise be inad14 equate to meet the Trust Fund’s obligations for any 

15 month, the Secretary of the Treasury shall transfer to the 

16 Trust Fund on the first day of such month the total 

17 amount which would have been transferred to the Trust 

18 Fund under this section as in effect on October 1, 1990; 

19 and the Trust Fund shall pay interest to the general fund 

20 on the amount so transferred on the first day of any 

21 month at a rate (calculated on a daily basis, and applied 

22 against the difference between the amount so transferred 

23 on such first day and the amount which would have been 

24 transferred to the Trust Fund up to that day under the 

25 procedures in effect on January 1, 1983) equal to the rate 


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1 earned by the investments of the Trust Fund in the same 

2 month under subsection (d).’’. 

3 (b) REQUIRED ACTUARIAL ANALYSIS.—Section 

4 201(c) of the Social Security Act is amended by striking 

5 the fourth sentence in the matter following paragraph (5) 

6 and inserting the following: ‘‘Such report shall also include 

7 actuarial analysis of the benefit cost with respect to dis8 abled beneficiaries and their auxiliaries, to retired bene9 ficiaries and their auxiliaries, and to survivor bene10 ficiaries.’’. 

11 (c) BOARD OF TRUSTEES.— 

12 (1) BOARD OF TRUSTEES OF SOCIAL SECURITY

13 TRUST FUND.—Section 201(c) of the Social Security 

14 Act, as amended by subsection (b) of this section, is 

15 further amended in the matter preceding paragraph 

16 (1) by striking ‘‘the Federal Old-Age and Survivors 

17 Insurance Trust Fund and the Federal Disability 

18 Insurance Trust Fund (hereinafter in this title 

19 called the ‘Trust Funds’)’’ and inserting ‘‘the Social 

20 Security Trust Fund (in this title referred to as the 

21 ‘Trust Fund’)’’. 

22 (2) CONTINUITY OF BOARD OF TRUSTEES.— 

23 The Board of Trustees of the Social Security Trust 

24 Fund created by the amendment made by subsection 

25 (a) shall be a continuous body with the Board of 


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1 Trustees of the Federal Old-Age and Survivors In2 surance Trust Fund and the Federal Disability In3 surance Trust Fund in operation prior to the effec4 tive date of such amendment. Individuals serving as 

5 members of the Board of Trustees of the Federal 

6 Old-Age and Survivors Insurance Trust Fund and 

7 the Federal Disability Insurance Trust Fund as of 

8 the effective date of such amendment shall serve the 

9 remainder of their term as members of the Board of 

10 Trustees of the Social Security Trust Fund. 

11 (d) CONFORMING AMENDMENTS RELATED TO SO12 CIAL SECURITY TRUST FUND.— 

13 (1) AMENDMENT TO SECTION HEADING.—The 

14 section heading for section 201 of the Social Secu15 rity Act is amended to read as follows: ‘‘SOCIAL SE16 CURITY TRUST FUND’’. 

17 (2) BOARD OF TRUSTEES.—Section 201(c) of 

18 such Act, as amended by subsections (b) and (c)(1), 

19 is further amended— 

20 (A) in the matter preceding paragraph (1), 

21 by striking ‘‘Board of Trustees of the Trust 

22 Funds’’ and inserting ‘‘Board of Trustees of 

23 the Trust Fund’’; 

24 (B) in paragraph (1), by striking ‘‘Trust 

25 Funds’’ and inserting ‘‘Trust Fund’’; 


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1 (C) in paragraph (2)— 

2 (i) by striking ‘‘Trust Funds’’ and in3 serting ‘‘Trust Fund’’; and 

4 (ii) by striking ‘‘their’’ and inserting 

5 ‘‘its’’; 

6 (D) in paragraph (3), by striking ‘‘either 

7 of the Trust Funds’’ and inserting ‘‘the Trust 

8 Fund’’; 

9 (E) in paragraph (5)— 

10 (i) by striking ‘‘managing the Trust 

11 Funds’’ and inserting ‘‘managing the 

12 Trust Fund’’; and 

13 (ii) by striking ‘‘Trust Funds are’’ 

14 and inserting ‘‘Trust Fund is’’; 

15 (F) in the matter following paragraph (5), 

16 by striking ‘‘Trust Funds’’ each place it ap17 pears and inserting ‘‘Trust Fund’’; and 

18 (G) in the second sentence in the matter 

19 following paragraph (5), by striking ‘‘whether 

20 the Federal Old-Age and Survivors Insurance 

21 Trust Fund and the Federal Disability Insur22 ance Trust Fund, individually and collectively, 

23 are’’ and inserting ‘‘whether the Social Security 

24 Trust Fund is’’. 


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1 (3) INVESTMENTS.—Section 201 of such Act is 

2 amended in subsections (d) and (e) by striking 

3 ‘‘Trust Funds’’ each place it appears and inserting 

4 ‘‘Trust Fund’’. 

5 (4) CREDITING OF INTEREST AND PROCEEDS

6 TO TRUST FUNDS.—Section 201(f) of such Act is 

7 amended— 

8 (A) by striking ‘‘the Federal Old-Age and 

9 Survivors Insurance Trust Fund and the Fed10 eral Disability Insurance Trust Fund shall be 

11 credited to and form a part of the Federal Old12 Age and Survivors Insurance Trust Fund and 

13 the Disability Insurance Trust Fund, respec14 tively’’ and inserting ‘‘the Social Security Trust 

15 Fund shall be credited to and form a part of 

16 the Social Security Trust Fund’’; 

17 (B) by striking ‘‘either of the Trust 

18 Funds’’ and inserting ‘‘the Trust Fund’’; and 

19 (C) by striking ‘‘such Trust Fund’’ and in20 serting ‘‘the Trust Fund’’. 

21 (5) ADMINISTRATIVE COSTS.—Section 201(g) of 

22 such Act is amended— 

23 (A) in paragraph (1)— 

24 (i) in subparagraph (A), by striking 

25 ‘‘Of the amounts authorized to be made 


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1 available out of the Federal Old-Age and 

2 Survivors Insurance Trust Fund and the 

3 Federal Disability Insurance Trust Fund 

4 under the preceding sentence’’ and all that 

5 follows through ‘‘(Public Law 103–296).’’; 

6 (ii) in subparagraph (B)(i)— 

7 (I) by striking subclauses (II) 

8 and (III) and inserting the following: 

9 ‘‘(II) the portion of such costs which 

10 should have been borne by the Social Security 

11 Trust Fund,’’; and 

12 (II) by redesignating subclauses 

13 (IV) and (V) as subclauses (III) and 

14 (IV); 

15 (B) in paragraph (2)— 

16 (i) by striking ‘‘Trust Funds’’ and in17 serting ‘‘Trust Fund’’; and 

18 (ii) by striking the last sentence; and 

19 (C) in paragraph (4), by striking ‘‘Trust 

20 Funds’’ each place it appears and inserting 

21 ‘‘Trust Fund’’. 

22 (6) BENEFIT PAYMENTS.—Section 201(h) of 

23 such Act is amended to read as follows: 


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1 ‘‘(h) All benefit payments required to be made under 

2 this title shall be made only from the Social Security Trust 

3 Fund.’’. 

4 (7) GIFTS.—Section 201(i) of such Act is 

5 amended— 

6 (A) in paragraph (1), by striking ‘‘the 

7 Federal Old-Age and Survivors Insurance Trust 

8 Fund, the Federal Disability Insurance Trust 

9 Fund’’ and inserting ‘‘the Social Security Trust 

10 Fund’’; and 

11 (B) in paragraph (2)(B), by striking ‘‘the 

12 Federal Old-Age and Survivors Insurance Trust 

13 Fund’’ and inserting ‘‘the Social Security Trust 

14 Fund’’. 

15 (8) TRAVEL EXPENSES.—Section 201(j) of such 

16 Act is amended by striking ‘‘the Federal Old-Age 

17 and Survivors Insurance Trust Fund, or the Federal 

18 Disability Insurance Trust Fund (as determined ap19 propriate by the Commissioner of Social Security)’’ 

20 and inserting ‘‘the Social Security Trust Fund’’. 

21 (9) DEMONSTRATION PROJECTS.—Section 

22 201(k) of such Act is amended by striking ‘‘the Fed23 eral Disability Insurance Trust Fund and the Fed24 eral Old-Age and Survivors Insurance Trust Fund, 

25 as determined appropriate by the Commissioner of 


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1 Social Security’’ and inserting ‘‘the Social Security 

2 Trust Fund’’. 

3 (10) BENEFIT CHECKS.—Section 201(m) of 

4 such Act is amended— 

5 (A) in paragraph (2), by striking ‘‘each of 

6 the Trust Funds’’ and inserting ‘‘the Social Se7 curity Trust Fund’’; 

8 (B) in paragraph (3), by striking ‘‘one of 

9 the Trust Funds’’ and inserting ‘‘the Trust 

10 Fund’’; and 

11 (C) by striking ‘‘such Trust Fund’’ each 

12 place it appears and inserting ‘‘the Trust 

13 Fund’’. 

14 (11) CONFORMING REPEALS.— 

15 (A) IN GENERAL.—Section 201 of such 

16 Act is amended by striking subsections (b), (l), 

17 and (n). 

18 (B) REDESIGNATIONS.—Section 201 of 

19 such Act is further amended— 

20 (i) by redesignating subsections (c) 

21 through (j) as subsections (b) through (i), 

22 respectively; 

23 (ii) by redesignating subsection (k) as 

24 subsection (j); and 


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1 (iii) by redesignating subsection (m) 

2 as subsection (k). 

3 (C) REFERENCES TO REDESIGNATED SEC4 TIONS.— 

5 (i) Section 201(a) of such Act, as 

6 amended by subsection (a) of this section, 

7 is further amended— 

8 (I) by striking ‘‘subsection 

9 (i)(1)’’ and inserting ‘‘subsection 

10 (h)(1)’’; and 

11 (II) by striking ‘‘subsection (d)’’ 

12 and inserting ‘‘subsection (c)’’. 

13 (ii) Section 1131(b)(1) of such Act is 

14 amended by striking ‘‘section 201(g)(1)’’ 

15 and inserting ‘‘section 201(f)(1)’’. 

16 (e) OTHER CONFORMING AMENDMENTS TO SOCIAL

17 SECURITY ACT.— 

18 (1) TITLE II.—Title II of the Social Security 

19 Act (42 U.S.C. 401 et seq.) is amended— 

20 (A) in section 202(x)(3)(B)(iii), by striking 

21 ‘‘the Federal Old-Age and Survivors Insurance 

22 Trust Fund and the Federal Disability Insur23 ance Trust Fund, as appropriate,’’ and insert24 ing ‘‘the Social Security Trust Fund’’; 


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1 (B) in section 206(d)(5), by striking ‘‘the 

2 Federal Old-Age and Survivors Insurance Trust 

3 Fund and the Federal Disability Insurance 

4 Trust Fund, as appropriate’’ and inserting ‘‘the 

5 Social Security Trust Fund’’; 

6 (C) in section 206(e)(3)(B), by striking 

7 ‘‘the Federal Old-Age and Survivors Insurance 

8 Trust Fund and the Federal Disability Insur9 ance Trust Fund’’ and inserting ‘‘the Social Se10 curity Trust Fund’’; 

11 (D) in section 208(b)(5)(A), by striking 

12 ‘‘the Federal Old-Age and Survivors Insurance 

13 Trust Fund and the Federal Disability Insur14 ance Trust Fund, as appropriate’’ and inserting 

15 ‘‘the Social Security Trust Fund’’; 

16 (E) in section 215(i)(1)(F)— 

17 (i) in clause (i)— 

18 (I) by striking ‘‘the combined 

19 balance in the Federal Old-Age and 

20 Survivors Insurance Trust Fund and 

21 the Federal Disability Insurance 

22 Trust Fund’’ and inserting ‘‘the bal23 ance in the Social Security Trust 

24 Fund’’; and 


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1 (II) by striking ‘‘and reduced by 

2 the outstanding amount of any loan 

3 (including interest thereon) thereto4 fore made to either such Fund from 

5 the Federal Hospital Insurance Trust 

6 Fund under section 201(l)’’; and 

7 (ii) in clause (ii)— 

8 (I) by striking ‘‘the Federal Old9 Age and Survivors Insurance Trust 

10 Fund and the Federal Disability In11 surance Trust Fund’’ and inserting 

12 ‘‘the Social Security Trust Fund’’; 

13 and 

14 (II) by striking ‘‘(other than pay15 ments’’ and all that follows through 

16 ‘‘from that Account’’; 

17 (F) in section 217(g)(2), by inserting after 

18 the first sentence the following: ‘‘For purposes 

19 of any such revision of the amount determined 

20 under paragraph (1) that occurs in a year after 

21 2015, any reference in such paragraph to the 

22 Federal Old-Age and Survivors Insurance Trust 

23 Fund or the Federal Disability Insurance Trust 

24 Fund shall be deemed to be a reference to the 

25 Social Security Trust Fund.’’; 


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1 (G) in section 221(e)— 

2 (i) by striking ‘‘Trust Funds’’ each 

3 place it appears and inserting ‘‘Trust 

4 Fund’’; and 

5 (ii) by striking the last sentence; 

6 (H) in section 221(f), by striking ‘‘Trust 

7 Funds’’ and inserting ‘‘Trust Fund’’; 

8 (I) in section 222(d)— 

9 (i) in the section heading, by striking 

10 ‘‘TRUST FUNDS’’ and inserting ‘‘TRUST

11 FUND’’; 

12 (ii) in paragraph (1), by striking ‘‘to 

13 the end that savings will accrue to the 

14 Trust Funds as a result of rehabilitating 

15 such individuals, there are authorized to be 

16 transferred from the Federal Old-Age and 

17 Survivors Insurance Trust Fund and the 

18 Federal Disability Insurance Trust Fund’’ 

19 and inserting ‘‘to the end that savings will 

20 accrue to the Trust Fund as a result of re21 habilitating such individuals, there are au22 thorized to be transferred from the Social 

23 Security Trust Fund’’; and 

24 (iii) by amending paragraph (4) to 

25 read as follows: 


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1 ‘‘(4) The Commissioner of Social Security shall deter2 mine according to such methods and procedures as the 

3 Commissioner may deem appropriate the total amount to 

4 be reimbursed for the cost of services under this sub5 section.’’; 

6 (J) in section 228(g)— 

7 (i) in the section heading, by striking 

8 ‘‘FEDERAL OLD-AGE AND SURVIVORS IN9 SURANCE TRUST FUND’’ and inserting 

10 ‘‘SOCIAL SECURITY TRUST FUND’’; and 

11 (ii) in the matter preceding paragraph 

12 (1), by striking ‘‘Federal Old-Age and Sur13 vivors Insurance Trust Fund’’ and insert14 ing ‘‘Social Security Trust Fund’’; 

15 (K) in section 231(c), by striking ‘‘Trust 

16 Funds’’ each place it appears and inserting 

17 ‘‘Trust Fund’’; and 

18 (L) in section 234(a)(1), by striking 

19 ‘‘Trust Funds’’ and inserting ‘‘Trust Fund’’. 

20 (2) TITLE VII.—Title VII of the Social Security 

21 Act (42 U.S.C. 901 et seq.) is amended— 

22 (A) in section 703(j), by striking ‘‘Federal 

23 Disability Insurance Trust Fund, the Federal 

24 Old-Age and Survivors Insurance Trust Fund,’’ 

25 and inserting ‘‘Social Security Trust Fund’’; 


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1 (B) in section 708(c), by striking ‘‘the 

2 ‘OASDI trust fund ratio’ under section 201(l),’’ 

3 after ‘‘computing’’; 

4 (C) in section 709— 

5 (i) in subsection (a), by striking ‘‘Fed6 eral Old-Age and Survivors Insurance 

7 Trust Fund and the Federal Disability In8 surance Trust Fund’’ and inserting ‘‘Social 

9 Security Trust Fund’’; and 

10 (ii) in subsection (b)— 

11 (I) in paragraph (1), by striking 

12 ‘‘section 201(l) or’’; and 

13 (II) in paragraph (2), by striking 

14 ‘‘Federal Old-Age and Survivors In15 surance Trust Fund and the Federal 

16 Disability Insurance Trust Fund’’ and 

17 inserting ‘‘Social Security Trust 

18 Fund’’; and 

19 (D) in section 710— 

20 (i) in subsection (a), by striking ‘‘Fed21 eral Old-Age and Survivors Insurance 

22 Trust Fund and the Federal Disability In23 surance Trust Fund’’ and inserting ‘‘Social 

24 Security Trust Fund’’; and 

25 (ii) in subsection (b)— 


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1 (I) by striking ‘‘any Trust Fund 

2 specified in subsection (a)’’ and in3 serting ‘‘the Social Security Trust 

4 Fund’’; and 

5 (II) by striking ‘‘payments from 

6 any such Trust Fund’’ and inserting 

7 ‘‘payments from the Social Security 

8 Trust Fund’’. 

9 (3) TITLE XI.—Title XI of the Social Security 

10 Act (42 U.S.C. 1301 et seq.) is amended— 

11 (A) in section 1106(b), by striking ‘‘the 

12 Federal Old-Age and Survivors Insurance Trust 

13 Fund, the Federal Disability Insurance Trust 

14 Fund’’ and inserting ‘‘the Social Security Trust 

15 Fund’’; 

16 (B) in section 1129(e)(2)(A), by striking 

17 ‘‘the Federal Old-Age and Survivors Insurance 

18 Trust Fund or the Federal Disability Insurance 

19 Trust Fund, as determined appropriate by the 

20 Secretary’’ and inserting ‘‘the Social Security 

21 Trust Fund’’; 

22 (C) in sections 1131(b)(2) and 1140(c)(2), 

23 by striking ‘‘the Federal Old-Age and Survivors 

24 Insurance Trust Fund’’ and inserting ‘‘the So25 cial Security Trust Fund’’; 


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1 (D) in section 1145(c)— 

2 (i) by striking paragraphs (1) and (2) 

3 and inserting the following: 

4 ‘‘(1) the Social Security Trust Fund;’’; and 

5 (ii) by redesignating paragraphs (3) 

6 and (4) as paragraphs (2) and (3), respec7 tively; and 

8 (E) in section 1148(j)(1)(A)— 

9 (i) in the first sentence, by striking 

10 ‘‘the Federal Old-Age and Survivors Insur11 ance Trust Fund and the Federal Dis12 ability Insurance Trust Fund’’ and insert13 ing ‘‘the Social Security Trust Fund’’; and 

14 (ii) by striking the second sentence. 

15 (4) TITLE XVIII.—Title XVIII of the Social Se16 curity Act (42 U.S.C. 1395) is amended— 

17 (A) in section 1817(g), by striking ‘‘Fed18 eral Old-Age and Survivors Insurance Trust 

19 Fund and from the Federal Disability Insur20 ance Trust Fund’’ and inserting ‘‘Social Secu21 rity Trust Fund’’; 

22 (B) in section 1840(a)(2), by striking 

23 ‘‘Federal Old-Age and Survivors Insurance 

24 Trust Fund or the Federal Disability Insurance 


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1 Trust Fund’’ and inserting ‘‘Social Security 

2 Trust Fund’’; and 

3 (C) in section 1841(f), by striking ‘‘Fed4 eral Old-Age and Survivors Insurance Trust 

5 Fund and from the Federal Disability Insur6 ance Trust Fund’’ and inserting ‘‘Social Secu7 rity Trust Fund’’. 

8 (f) CONFORMING AMENDMENTS OUTSIDE OF SOCIAL

9 SECURITY ACT.— 

10 (1) BUDGET.— 

11 (A) OFF-BUDGET EXEMPTION.—Section 

12 405(a) of the Congressional Budget Act of 

13 1974 (2 U.S.C. 655(a)) is amended by striking 

14 ‘‘Federal Old-Age and Survivors Insurance and 

15 Federal Disability Insurance Trust Funds’’ and 

16 inserting ‘‘Social Security Trust Fund’’. 

17 (B) SEQUESTRATION EXEMPTION.—Sec18 tion 255(g)(1)(A) of the Balanced Budget and 

19 Emergency Deficit Control Act of 1985 (2 

20 U.S.C. 905(g)(1)(A)) is amended by striking 

21 ‘‘Payments to Social Security Trust Funds’’ 

22 and inserting ‘‘Payments to the Social Security 

23 Trust Fund’’. 

24 (2) TAX.— 


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1 (A) TAXABLE WAGES.—Section 3121(l)(4) 

2 of the Internal Revenue Code of 1986 is 

3 amended by striking ‘‘Federal Old-Age and 

4 Survivors Insurance Trust Fund and the Fed5 eral Disability Insurance Trust Fund’’ and in6 serting ‘‘Social Security Trust Fund’’. 

7 (B) OVERPAYMENTS.— 

8 (i) Section 6402(d)(3)(C) of the Inter9 nal Revenue Code of 1986 is amended by 

10 striking ‘‘Federal Old-Age and Survivors 

11 Insurance Trust Fund or the Federal Dis12 ability Insurance Trust Fund, whichever is 

13 certified to the Secretary as appropriate by 

14 the Commissioner of Social Security’’ and 

15 inserting ‘‘Social Security Trust Fund’’. 

16 (ii) Subsection (f)(2)(B) of section 

17 3720A of title 31, United States Code, is 

18 amended by striking ‘‘Federal Old-Age and 

19 Survivors Insurance Trust Fund or the 

20 Federal Disability Insurance Trust Fund, 

21 whichever is certified to the Secretary of 

22 the Treasury as appropriate by the Com23 missioner of Social Security’’ and inserting 

24 ‘‘Social Security Trust Fund’’. 


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1 (3) FALSE CLAIMS PENALTIES.—Subsection 

2 (g)(2) of section 3806 of title 31, United States 

3 Code, is amended— 

4 (A) in subparagraph (B)— 

5 (i) by striking ‘‘Secretary of Health 

6 and Human Services’’ and inserting ‘‘Com7 missioner of Social Security’’; and 

8 (ii) by striking ‘‘Federal Old-Age and 

9 Survivors Insurance Trust Fund’’ and in10 serting ‘‘Social Security Trust Fund’’; and 

11 (B) in subparagraph (C)— 

12 (i) by striking ‘‘Secretary of Health 

13 and Human Services’’ and inserting ‘‘Com14 missioner of Social Security’’; and 

15 (ii) by striking ‘‘Federal Disability In16 surance Trust Fund’’ and inserting ‘‘Social 

17 Security Trust Fund’’. 

18 (4) RAILROAD RETIREMENT BOARD.—Section 7 

19 of the Railroad Retirement Act of 1974 (45 U.S.C. 

20 231f) is amended— 

21 (A) in subsection (b)(2), by striking ‘‘Fed22 eral Old-Age and Survivors Insurance Trust 

23 Fund and the Federal Disability Insurance 

24 Trust Fund’’ and inserting ‘‘Social Security 

25 Trust Fund’’; 


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25 

•S 1950 IS

1 (B) in subsection (c)(2)— 

2 (i) by striking ‘‘Secretary of Health, 

3 Education, and Welfare’’ each time it ap4 pears and inserting ‘‘Commissioner of So5 cial Security’’; and 

6 (ii) by striking ‘‘Federal Old-Age and 

7 Survivors Insurance Trust Fund, the Fed8 eral Disability Insurance Trust Fund,’’ 

9 each time it appears and inserting ‘‘Social 

10 Security Trust Fund’’; and 

11 (C) in subsection (c)(4), by striking ‘‘Fed12 eral Old-Age and Survivors Insurance Trust 

13 Fund, the Federal Disability Insurance Trust 

14 Fund,’’ and inserting ‘‘Social Security Trust 

15 Fund’’. 

16 (g) RULE OF CONSTRUCTION.—Effective beginning 

17 on January 1, 2020, any reference in law to the ‘‘Federal 

18 Old-Age and Survivors Insurance Trust Fund’’ or the 

19 ‘‘Federal Disability Insurance Trust Fund’’ is deemed to 

20 be a reference to the Social Security Trust Fund. 

21 (h) EFFECTIVE DATE.—The amendments made by 

22 this section shall take effect on January 1, 2020. 

Æ 


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