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HR 2547119th CongressIntroduced
Secure Family Futures Act of 2025
Introduced: Oct 29, 2025
Economy & TaxesFinancial Services
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Secure Family Futures Act of 2025 amends the Internal Revenue Code to exclude debt held by specific insurance companies from capital asset classification and extends their capital loss carryover period from 5 to 10 years, applying to transactions after December 31, 2025.
Key Points
- 1The bill excludes notes, bonds, and debentures held by applicable insurance companies from being classified as capital assets under Section 1221(a).
- 2It extends capital loss carryovers for qualifying insurance companies from 5 years to 10 years for net capital losses arising after 2025.
- 3The legislation defines 'applicable insurance companies' as entities not covered by specific IRC sections including 831(b), 835, 842, or 833 elections.
Impact Areas
Insurance companies meeting the 'applicable' definition in the billFederal tax revenue collection and capital loss utilization rulesFinancial sector entities holding debt instruments as investments
Generated by legislative-analysis-v3 on Nov 4, 2025