exceeds the applicable base but does not 
exceed $250,000.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to remuneration paid on or after 
January 1 of the first calendar year that begins after the 
date of enactment of this Act. 
SEC. 7. TAX ON NET EARNINGS FROM SELF-EMPLOYMENT 
UP TO CONTRIBUTION AND BENEFIT BASE 
AND MORE THAN $250,000. 
(a) IN GENERAL.—Paragraph (1) of section 1402(b) 
of the Internal Revenue Code of 1986 is amended to read 
as follows: 
‘‘(1) in the case of the tax imposed by section 
1401(a) for any taxable year beginning in a calendar 
year in which the contribution and benefit base (as 
determined under section 230 of the Social Security 
Act) is less than $250,000, the excess (if any) of— 
‘‘(A) so much of the net earnings from 
self-employment which is in excess of— 
‘‘(i) an amount equal to the contribu-
tion and benefit base (as determined under 
section 230 of the Social Security Act) 
which is effective for the calendar year in 
which such taxable year begins, minus 
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‘‘(ii) the amount of the wages paid to 
such individual during such taxable years, 
over 
‘‘(B) the sum of— 
‘‘(i) the excess (if any) of— 
‘‘(I) the net earning from self- 
employment reduced by the excess (if 
any) of subparagraph (A)(i) over sub-
paragraph (A)(ii), over 
‘‘(II) $250,000, reduced by such 
contribution and benefit base, plus 
‘‘(ii) the amount of the wages paid to 
such individual during such taxable year in 
excess of such contribution and benefit 
base and not in excess of $250,000; or’’. 
(b) PHASEOUT.—Subsection (b) of section 1402 of 
the Internal Revenue Code of 1986 is amended by adding 
at the end the following: ‘‘Paragraph (1) shall apply only 
to taxable years beginning in calendar years for which the 
contribution and benefit base (as determined under section 
230 of the Social Security Act) is less than $250,000.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to net earnings from self-employ-
ment derived, and remuneration paid, on or after January 
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1 of the first calendar year that begins after the date of 
enactment of this Act. 
SEC. 8. TAX ON INVESTMENT GAIN. 
(a) INCREASE IN TAX.— 
(1) IN
GENERAL.—Subsection (a) of section 
1411 of the Internal Revenue Code of 1986 is 
amended by striking ‘‘3.8 percent’’ each place it ap-
pears and inserting ‘‘16.2 percent’’. 
(2) CONFORMING AMENDMENT.—The heading 
for chapter 2A of the Internal Revenue Code of 
1986 is amended by striking ‘‘UNEARNED IN-
COME MEDICARE CONTRIBUTION’’ and 
inserting 
‘‘ADDITIONAL 
TAX 
ON 
UN-
EARNED INCOME IN LIEU OF SOCIAL 
SECURITY AND MEDICARE TAXES’’. 
(b) INCLUSION OF ACTIVE TRADE OR BUSINESS IN-
COME.— 
(1) IN GENERAL.—Section 1411(c)(1)(A) of the 
Internal Revenue Code of 1986 is amended— 
(A) in clause (i), by striking ‘‘, other than 
such income which is derived in the ordinary 
course of a trade or business not described in 
paragraph (2)’’, 
(B) in clause (ii), by striking ‘‘described in 
paragraph (2)’’ and inserting ‘‘(determined 
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under rules similar to the rules of paragraphs 
(5) and (6) of section 469(c))’’, and 
(C) in clause (iii), by striking ‘‘other than 
property held in a trade or business not de-
scribed in paragraph (2)’’. 
(2) DENIAL
OF
DEDUCTION
FOR
NET
OPER-
ATING LOSSES.—Section 1411(c)(1)(B) of such Code 
is amended by inserting ‘‘(other than the deduction 
for net operating losses provided in section 172)’’ 
after ‘‘net gain’’. 
(3) CONFORMING AMENDMENTS.— 
(A) Section 1411(c) of such Code is 
amended by striking paragraphs (2), (3), and 
(4) and by redesignating paragraphs (5) and 
(6) as paragraphs (2) and (3), respectively. 
(B) Section 1411(c)(3) of such Code, as 
redesignated by subparagraph (A), is amended 
to read as follows: 
‘‘(3) SPECIAL RULE.—Net investment income 
shall not include— 
‘‘(A) any item taken into account in deter-
mining self-employment income for such taxable 
year on which a tax is imposed by section 1401, 
or 
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‘‘(B) any item taken into account in deter-
mining wages received with respect to employ-
ment for such taxable year on which a tax is 
imposed by section 3101.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of enactment of this Act. 
SEC. 9. SOCIAL SECURITY TRUST FUND ESTABLISHED. 
(a) IN GENERAL.—Section 201(a) of the Social Secu-
rity 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 Sec-
retary of the Treasury for the Federal Old-Age and Sur-
vivors 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 of the 
first calendar year beginning after the date of the enact-
ment of section 9 of the Social Security Expansion Act, 
which securities and amount the Secretary of the Treasury 
is authorized and directed to transfer to the Social Secu-
rity Trust Fund, and, in addition, such gifts and bequests 
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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 the date of the 
enactment of section 9 of the Social Security Expansion 
Act, 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 de-
fined 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 ap-
plicable 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 So-
cial Security on the basis of the records of wages es-
tablished 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 de-
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fined in section 1402 of such Code) reported to the 
Secretary of the Treasury on tax returns under sub-
title 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-employ-
ment 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) 62 percent of the taxes imposed under sec-
tion 1411 of the Internal Revenue Code of 1986. 
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 paragraphs (1), (2), and (3), paid to or deposited into 
the Treasury; and proper adjustments shall be made in 
amounts subsequently transferred to the extent prior esti-
mates were in excess of or were less than the taxes speci-
fied 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 
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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 deter-
mines 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 dis-
abled beneficiaries and their auxiliaries, to retired bene-
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ficiaries and their auxiliaries, and to survivor bene-
ficiaries.’’. 
(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 In-
surance Trust Fund and the Federal Disability In-
surance Trust Fund in operation prior to the effec-
tive 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 
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remainder of their term as members of the Board of 
Trustees of the Social Security Trust Fund. 
(d) CONFORMING AMENDMENTS RELATED TO SO-
CIAL SECURITY TRUST FUND.— 
(1) AMENDMENT TO SECTION HEADING.—The 
section heading for section 201 of the Social Secu-
rity Act is amended to read as follows: ‘‘SOCIAL SE-
CURITY 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 in-
serting ‘‘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’’; 
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(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 ap-
pears 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 Insur-
ance 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 Fed-
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eral 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, respec-
tively’’ 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 in-
serting ‘‘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).’’; 
and 
(ii) in subparagraph (B)(i)— 
(I) by striking subclauses (II) 
and (III) and inserting the following: 
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‘‘(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 in-
serting ‘‘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 
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(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 ap-
propriate 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 Fed-
eral Disability Insurance Trust Fund and the Fed-
eral 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 Se-
curity Trust Fund’’; 
(B) in paragraph (3), by striking ‘‘one of 
the Trust Funds’’ and inserting ‘‘the Trust 
Fund’’; and 
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(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 SEC-
TIONS.— 
(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 
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(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 Insur-
ance Trust Fund, as appropriate,’’ and insert-
ing ‘‘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 Insur-
ance Trust Fund’’ and inserting ‘‘the Social Se-
curity Trust Fund’’; 
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(D) in section 208(b)(5)(A), by striking 
‘‘the Federal Old-Age and Survivors Insurance 
Trust Fund and the Federal Disability Insur-
ance 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 bal-
ance in the Social Security Trust 
Fund’’; and 
(II) by striking ‘‘and reduced by 
the outstanding amount of any loan 
(including interest thereon) thereto-
fore 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 In-
surance Trust Fund’’ and inserting 
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‘‘the Social Security Trust Fund’’; 
and 
(II) by striking ‘‘(other than pay-
ments’’ 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 that 
begins after the year in which the Social Secu-
rity Expansion Act is enacted, 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)— 
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(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 re-
habilitating such individuals, there are au-
thorized 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 deter-
mine 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 sub-
section.’’; 
(J) in section 228(g)— 
(i) in the section heading, by striking 
‘‘FEDERAL OLD-AGE AND SURVIVORS IN-
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SURANCE
TRUST
FUND’’ and inserting 
‘‘SOCIAL SECURITY TRUST FUND’’; and 
(ii) in the matter preceding paragraph 
(1), by striking ‘‘Federal Old-Age and Sur-
vivors Insurance Trust Fund’’ and insert-
ing ‘‘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 ‘‘Fed-
eral Old-Age and Survivors Insurance 
Trust Fund and the Federal Disability In-
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surance 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 In-
surance 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 ‘‘Fed-
eral Old-Age and Survivors Insurance 
Trust Fund and the Federal Disability In-
surance Trust Fund’’ and inserting ‘‘Social 
Security Trust Fund’’; and 
(ii) in subsection (b)— 
(I) by striking ‘‘any Trust Fund 
specified in subsection (a)’’ and in-
serting ‘‘the Social Security Trust 
Fund’’; and 
(II) by striking ‘‘payments from 
any such Trust Fund’’ and inserting 
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‘‘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 So-
cial 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 
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(ii) by redesignating paragraphs (3) 
and (4) as paragraphs (2) and (3), respec-
tively; and 
(E) in section 1148(j)(1)(A)— 
(i) in the first sentence, by striking 
‘‘the Federal Old-Age and Survivors Insur-
ance Trust Fund and the Federal Dis-
ability Insurance Trust Fund’’ and insert-
ing ‘‘the Social Security Trust Fund’’; and 
(ii) by striking the second sentence. 
(4) TITLE XVIII.—Title XVIII of the Social Se-
curity Act (42 U.S.C. 1395) is amended— 
(A) in section 1817(g), by striking ‘‘Fed-
eral Old-Age and Survivors Insurance Trust 
Fund and from the Federal Disability Insur-
ance Trust Fund’’ and inserting ‘‘Social Secu-
rity 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 ‘‘Fed-
eral Old-Age and Survivors Insurance Trust 
Fund and from the Federal Disability Insur-
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ance Trust Fund’’ and inserting ‘‘Social Secu-
rity 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.—Sec-
tion 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 Fed-
eral Disability Insurance Trust Fund’’ and in-
serting ‘‘Social Security Trust Fund’’. 
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(B) OVERPAYMENTS.— 
(i) Section 6402(d)(3)(C) of the Inter-
nal Revenue Code of 1986 is amended by 
striking ‘‘Federal Old-Age and Survivors 
Insurance Trust Fund or the Federal Dis-
ability 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 Com-
missioner 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 ‘‘Com-
missioner of Social Security’’; and 
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(ii) by striking ‘‘Federal Old-Age and 
Survivors Insurance Trust Fund’’ and in-
serting ‘‘Social Security Trust Fund’’; and 
(B) in subparagraph (C)— 
(i) by striking ‘‘Secretary of Health 
and Human Services’’ and inserting ‘‘Com-
missioner of Social Security’’; and 
(ii) by striking ‘‘Federal Disability In-
surance 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 ‘‘Fed-
eral 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 ap-
pears and inserting ‘‘Commissioner of So-
cial Security’’; and 
(ii) by striking ‘‘Federal Old-Age and 
Survivors Insurance Trust Fund, the Fed-
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eral Disability Insurance Trust Fund,’’ 
each time it appears and inserting ‘‘Social 
Security Trust Fund’’; and 
(C) in subsection (c)(4), by striking ‘‘Fed-
eral 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 of the first calendar year beginning after 
the date of the enactment of this section, 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 of the first cal-
endar year beginning after the date of the enactment of 
this section. 
Æ 
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