Bill · H.R. 2547· House(119-HR-2547)

Secure Family Futures Act of 2025

Age: 57 years

Iowa

Introduced: 4/1/2025
Last activity: 4/1/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Randy Feenstra
Cosponsors: - 34 - 20

Taxation

Introduced
In Committee

What this bill would do

This bill, known as the Secure Family Futures Act of 2025'', aims to change how certain insurance companies are taxed. It proposes amending the Internal Revenue Code of 1986 to exclude debt held by applicable insurance companies'' from being treated as capital assets. Additionally, the bill seeks to extend the period for capital loss carryovers for these specific companies from 5 years to 10 years. The changes regarding debt exclusion apply to assets acquired after December 31, 2025. The changes regarding capital loss carryovers apply to net capital losses arising in years beginning after December 31, 2025.

Yes

Would business owners be better off under this?+3
The bill benefits insurance companies by providing more favorable tax treatments for capital losses.
Does this cut the tax on profits from selling investments?+3
The bill provides tax relief to insurance companies by extending the period to utilize capital losses.