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An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

National Firearms Act (NFA)

A federal law passed in 1934 that regulates certain firearms, such as machine guns, short-barreled rifles and shotguns, suppressors (silencers), and 'any other weapons' (AOWs). These firearms are subject to special taxes and registration requirements.

Medicare Part A Trust Fund

Also known as the Federal Hospital Insurance Trust Fund, this fund is the primary financial account for Medicare Part A, which covers inpatient hospital care, skilled nursing facility care, hospice care, and some home health services for eligible seniors and people with disabilities.

Internal Revenue Code of 1986

The primary body of tax law in the United States, which includes all federal statutes related to taxation.

Transfer Tax

A tax levied on the sale, exchange, or gift of certain regulated items, in this case, specific types of firearms under the National Firearms Act.

Making Tax

A tax levied on the act of manufacturing or producing a specific item, in this case, certain types of firearms under the National Firearms Act.

Any Other Weapon (AOW)

A category of firearm under the National Firearms Act that includes certain small firearms not fitting other NFA definitions, often disguised weapons or firearms with non-traditional configurations.