Section 1. Short title
This Act may be cited as the Preserving Social Security and Medicare for Citizens Act of 2026.
(a) In general
Section 1899C of the Social Security Act is amended—
(1) in subsection (a)—
(A) in paragraph (1), by adding or at the end;
(B) in paragraph (2), by striking the semicolon and inserting a period; and
(C) by striking paragraphs (3) and (4); and
(2) in subsection (b), by striking in any of paragraphs (1) through (4) and inserting in paragraph (1) or (2).
(b) Special application rule for certain individuals
In the case of an individual who is entitled to benefits under part A or enrolled under part B of title XVIII the Social Security Act (42 U.S.C. 1395 et seq.) as of the date of the enactment of this section but who was not so entitled or enrolled as of the date of the enactment of Public Law 119–21, such individual shall be deemed to have been so entitled or enrolled as of the date of the enactment of such Public Law for purposes of section 1899C(b) of such Act.
(a) In general
Section 3121(b) of the Internal Revenue Code of 1986 is amended by striking paragraphs (1), (18), and (19).
(b) Effective date
The amendments made by this section shall apply with remuneration paid in taxable years beginning after December 31 of the calendar year in which this Act is enacted.