S 1950 · 116th Congress 2019–2021, ended

Strengthen Social Security by Taxing Dynastic Wealth Act

Introduced Jun 25, 2019 Originated Senate Sponsor Chris Van Hollen D-MD

Fact sheet

Latest action · Jun 25, 2019 Read twice and referred to the Committee on Finance.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedJun 25, 2019
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Strengthen Social Security by Taxing Dynastic Wealth Act

This bill returns the taxation of estates and gifts to levels that were in effect in 2009. This increases the maximum rate for estates and gifts to 45% and modifies exemptions.

The bill also combines the existing Social Security trust funds into a single Social Security Trust Fund and provides for the deposit of increased estate and gift tax revenue into the consolidated trust fund.

Cosponsors

Members who signed on, in the order they did.

No cosponsors are on file for this measure.

Actions 2

Everything that happened, newest first.

  1. Jun 25, 2019Introduced in Senate
  2. Jun 25, 2019Read twice and referred to the Committee on Finance.

Related bills 4

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 269Social Security 2100 ActRelated billJan 30, 2019
S 478Social Security Expansion ActRelated billFeb 13, 2019
HR 860Social Security 2100 ActRelated billJan 30, 2019
HR 1170Social Security Expansion ActRelated billFeb 14, 2019

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Jun 25, 2019Introduced in Senate

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.