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S. 1950 116th Congress Senate

Strengthen Social Security by Taxing Dynastic Wealth Act

Official title: 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.

Introduced: June 25, 2019 Introduced by: Chris Van Hollen Democratic · Maryland See on congress.gov
Taxation Government trust fundsSocial security and elderly assistanceTransfer and inheritance taxes
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 25, 2019
Read twice and referred to the Committee on Finance.
Jun 25, 2019
Introduced in Senate
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 Latest action June 25, 2019

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 4
  • HR 860 Social Security 2100 Act
  • HR 1170 Social Security Expansion Act
  • S 269 Social Security 2100 Act
  • S 478 Social Security Expansion Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1950: Strengthen Social Security by Taxing Dynastic Wealth Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-1950/
MLA
"S. 1950: Strengthen Social Security by Taxing Dynastic Wealth Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-1950/.
Bluebook (legal)
S. 1950, 116th Cong. (2026), https://openamerica.io/bill/116-S-1950/.
Markdown link
[S. 1950: Strengthen Social Security by Taxing Dynastic Wealth Act](https://openamerica.io/bill/116-S-1950/)
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