119th Congress · introduced in the House · Jan 22, 2025
Assuring Medicare’s Promise Act of 2025
Official title from Congress.gov
Latest action (Jan 22, 2025): Referred to the House Committee on Ways and Means.
View on Congress.govPolicy area: Taxation
Congressional Research Service summary, version: Introduced in House (Jan 22, 2025)
Assuring Medicare’s Promise Act of 2025
This bill increases the net investment tax for certain taxpayers and appropriates revenue from the net investment tax to the Federal Hospital Insurance Trust Fund (which finances Medicare Part A). The bill also requires the Internal Revenue Service (IRS) to issue additional guidance on the net investment tax.
The bill requires individuals with a modified adjusted gross income (MAGI) exceeding $400,000 ($500,000 for joint filers and $250,000 for married individuals filing separately), estates, and trusts to pay a tax of 3.8% on the greater of their specified net income or net investment income, subject to limitations. (Under current law, individuals with a MAGI exceeding $200,000 [or $250,000 for joint filers], estates, and trusts pay a 3.8% tax on net investment income.)
The bill defines specified net income by expanding the definition of net investment income to
• include gross income from any trade or business (unless subject to employment taxes), including interest, dividends, annuities, royalties, and rents;
• include net gain from the disposition of business property;
• eliminate the exclusion of income from the investment of working capital; and
• eliminate the exception related to certain active partnership or S corporation interests.
The bill also
• expands the net investment tax definition of a trade or business,
• disallows net operating losses in calculating net investment income,
• includes certain foreign-sourced income in net investment income, and
• requires the IRS to issue guidance on the treatment of certain corporate distributions for purposes of the net investment tax.
Show less of the summaryIncludes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Actions from Congress.gov, newest first.
Financial services and investments · Government trust funds · Health care costs and insurance · Health programs administration and funding · Hospital care · Income tax rates · Interest, dividends, interest rates · Medicare · Taxation of foreign income
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsCoverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 24, 2026.
22 citations.
NEW VENTURE FUND · lobbying firm or registrant: NEW VENTURE FUND
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Taxation/Internal Revenue Code
$10,000
Spent on own lobbying
…hole No Tax Breaks for Union Busting Act H.R. 5456 S. 737 - Makes changes to the tax code to disincentivize writing off expenses related to union busting taxes H.R.609 Assuring Medicares Promise Act of 2025 - Makes changes to ensure Medicare solvency H.R. 451, S. 96 Fair PREP Act of 2025 - Repealing direct file program Millio…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW VENTURE FUND · lobbying firm or registrant: NEW VENTURE FUND
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Medicare/Medicaid
$10,000
Spent on own lobbying
…et Resolution - Budget resolution and reconciliation H.R.1, One Big Beautiful Bill - Budget reconciliation re taxes, cuts to Medicaid, SNAP, and other programs H.R.609 - Assuring Medicares Promise Act of 2025 - Makes changes to ensure Medicare solvency
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE · lobbying firm or registrant: NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 19, 2026 · issue area: Medicare/Medicaid
$190,000
Spent on own lobbying
…payments, premiums and deductibles, and to be able to access needed medications at prices they can afford. Medicare Reform. The Assuring Medicares Promise Act (H.R. 609): Proposals to close the loophole for wealthy individuals who bypass paying net investment income tax (NIIT) and directing the revenue to the Hospital Insuranc…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW VENTURE FUND · lobbying firm or registrant: NEW VENTURE FUND
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Taxation/Internal Revenue Code
$40,000
Spent on own lobbying
…hole No Tax Breaks for Union Busting Act H.R. 5456 S. 737 - Makes changes to the tax code to disincentivize writing off expenses related to union busting taxes H.R.609 Assuring Medicares Promise Act of 2025 - Makes changes to ensure Medicare solvency H.R. 451, S. 96 Fair PREP Act of 2025 - Repealing direct file program Millio…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW VENTURE FUND · lobbying firm or registrant: NEW VENTURE FUND
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Medicare/Medicaid
$40,000
Spent on own lobbying
…et Resolution - Budget resolution and reconciliation H.R.1, One Big Beautiful Bill - Budget reconciliation re taxes, cuts to Medicaid, SNAP, and other programs H.R.609 - Assuring Medicares Promise Act of 2025 - Makes changes to ensure Medicare solvency
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE · lobbying firm or registrant: NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Medicare/Medicaid
$210,000
Spent on own lobbying
…payments, premiums and deductibles, and to be able to access needed medications at prices they can afford. Medicare Reform. The Assuring Medicares Promise Act (H.R. 609): Proposals to close the loophole for wealthy individuals who bypass paying net investment income tax (NIIT) and directing the revenue to the Hospital Insuranc…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW VENTURE FUND · lobbying firm or registrant: NEW VENTURE FUND
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Taxation/Internal Revenue Code
$40,000
Spent on own lobbying
…hole No Tax Breaks for Union Busting Act H.R. 5456 S. 737 - Makes changes to the tax code to disincentivize writing off expenses related to union busting taxes H.R.609 Assuring Medicares Promise Act of 2025 - Makes changes to ensure Medicare solvency H.R. 451, S. 96 Fair PREP Act of 2025 - Repealing direct file program Millio…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW VENTURE FUND · lobbying firm or registrant: NEW VENTURE FUND
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Medicare/Medicaid
$40,000
Spent on own lobbying
…et Resolution - Budget resolution and reconciliation H.R.1, One Big Beautiful Bill - Budget reconciliation re taxes, cuts to Medicaid, SNAP, and other programs H.R.609 - Assuring Medicares Promise Act of 2025 - Makes changes to ensure Medicare solvency
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE · lobbying firm or registrant: NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Medicare/Medicaid
$190,000
Spent on own lobbying
…payments, premiums and deductibles, and to be able to access needed medications at prices they can afford. Medicare Reform. The Assuring Medicares Promise Act (H.R. 609): Proposals to close the loophole for wealthy individuals who bypass paying net investment income tax (NIIT) and directing the revenue to the Hospital Insuranc…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW VENTURE FUND · lobbying firm or registrant: NEW VENTURE FUND
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Taxation/Internal Revenue Code
$33,000
Spent on own lobbying
…hole No Tax Breaks for Union Busting Act H.R. 5456 S. 737 - Makes changes to the tax code to disincentivize writing off expenses related to union busting taxes H.R.609 Assuring Medicares Promise Act of 2025 - Makes changes to ensure Medicare solvency H.R. 451, S. 96 Fair PREP Act of 2025 - Repealing direct file program Millio…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW VENTURE FUND · lobbying firm or registrant: NEW VENTURE FUND
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Medicare/Medicaid
$33,000
Spent on own lobbying
…et Resolution - Budget resolution and reconciliation H.R.1, One Big Beautiful Bill - Budget reconciliation re taxes, cuts to Medicaid, SNAP, and other programs H.R.609 - Assuring Medicares Promise Act of 2025 - Makes changes to ensure Medicare solvency
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE · lobbying firm or registrant: NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Medicare/Medicaid
$190,000
Spent on own lobbying
…payments, premiums and deductibles, and to be able to access needed medications at prices they can afford. Medicare Reform. The Assuring Medicares Promise Act (H.R. 609): Proposals to close the loophole for wealthy individuals who bypass paying net investment income tax (NIIT) and directing the revenue to the Hospital Insuranc…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE · lobbying firm or registrant: NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Medicare/Medicaid
$210,000
Spent on own lobbying
…payments, premiums and deductibles, and to be able to access needed medications at prices they can afford. Medicare Reform. The Assuring Medicares Promise Act (H.R. 609): Proposals to close the loophole for wealthy individuals who bypass paying net investment income tax (NIIT) and directing the revenue to the Hospital Insuranc…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW VENTURE FUND · lobbying firm or registrant: NEW VENTURE FUND
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Taxation/Internal Revenue Code
$40,000
Spent on own lobbying
…hole No Tax Breaks for Union Busting Act H.R. 5456 S. 737 - Makes changes to the tax code to disincentivize writing off expenses related to union busting taxes H.R.609 Assuring Medicares Promise Act of 2025 - Makes changes to ensure Medicare solvency H.R. 451, S. 96 Fair PREP Act of 2025 - Repealing direct file program Millio…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW VENTURE FUND · lobbying firm or registrant: NEW VENTURE FUND
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Medicare/Medicaid
$40,000
Spent on own lobbying
…et Resolution - Budget resolution and reconciliation H.R.1, One Big Beautiful Bill - Budget reconciliation re taxes, cuts to Medicaid, SNAP, and other programs H.R.609 - Assuring Medicares Promise Act of 2025 - Makes changes to ensure Medicare solvency
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW VENTURE FUND · lobbying firm or registrant: NEW VENTURE FUND
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Budget/Appropriations
$40,000
Spent on own lobbying
H.R.1968 Full-Year Continuing Appropriations and Extensions Act, 2025 - Funding for the federal government for FY25 H.R. 609 - Assuring Medicare's Promise Act of 2025 - Changes to ensure Medicare solvency
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW VENTURE FUND · lobbying firm or registrant: NEW VENTURE FUND
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Taxation/Internal Revenue Code
$40,000
Spent on own lobbying
…hole No Tax Breaks for Union Busting Act H.R. 5456 S. 737 - Makes changes to the tax code to disincentivize writing off expenses related to union busting taxes H.R.609 Assuring Medicares Promise Act of 2025 - Makes changes to ensure Medicare solvency H.R. 451, S. 96 Fair PREP Act of 2025 - Repealing direct file program Millio…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW VENTURE FUND · lobbying firm or registrant: NEW VENTURE FUND
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Medicare/Medicaid
$40,000
Spent on own lobbying
…et Resolution - Budget resolution and reconciliation H.R.1, One Big Beautiful Bill - Budget reconciliation re taxes, cuts to Medicaid, SNAP, and other programs H.R.609 - Assuring Medicares Promise Act of 2025 - Makes changes to ensure Medicare solvency
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE · lobbying firm or registrant: NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 17, 2025 · issue area: Medicare/Medicaid
$200,000
Spent on own lobbying
…payments, premiums and deductibles, and to be able to access needed medications at prices they can afford. Medicare Reform. The Assuring Medicares Promise Act (H.R. 609): Proposals to close the loophole for wealthy individuals who bypass paying net investment income tax (NIIT) and directing the revenue to the Hospital Insuranc…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW VENTURE FUND · lobbying firm or registrant: NEW VENTURE FUND
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Taxation/Internal Revenue Code
$40,000
Spent on own lobbying
…hole No Tax Breaks for Union Busting Act H.R. 5456 S. 737 - Makes changes to the tax code to disincentivize writing off expenses related to union busting taxes H.R.609 - Assuring Medicares Promise Act of 2025 - Makes changes to ensure Medicare solvency
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NEW VENTURE FUND · lobbying firm or registrant: NEW VENTURE FUND
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Medicare/Medicaid
$40,000
Spent on own lobbying
H. Con. Res. 14, FY25 Budget Resolution - Budget resolution and reconciliation H.R.609 - Assuring Medicares Promise Act of 2025 - Makes changes to ensure Medicare solvency
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE · lobbying firm or registrant: NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 17, 2025 · issue area: Medicare/Medicaid
$220,000
Spent on own lobbying
…nt, so that low-income beneficiaries can more readily access needed medications at prices they can afford. Medicare Reform. The Assuring Medicares Promise Act (H.R. 609) and The Medicare and Social Security Fair Share Act (No bill): Proposals to close the loophole for wealthy individuals who bypass paying net investment income…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing