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Secure Family Futures Act of 2023

H.R. 5707 Rep. Randy Feenstra (R-IA-4) In committee
Bill text PDF
  1. Introduced Sep 26
  2. Committee Sep 26
  3. Passed House Next
  4. Passed Senate Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Sep 26, 2023Next: House vote
1128d ago Sep 26, 2023: Referred to the House Committee on Ways and Means.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
6companies, 9 filings
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Member trades
0trades in the last 90 days
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Companies lobbying on this bill

6 companies
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Financials 6
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Summary

This bill amends the Internal Revenue Code to exclude certain debt held by insurance companies from being treated as capital assets, affecting tax treatment of dispositions after enactment. Sec. 2, Debt not treated as capital asset for applicable insurance companies: This section adds a new category to the definition of capital assets, excluding any note, bond, debenture, or other evidence of indebtedness held by an applicable insurance company. It defines an applicable insurance company as any insurance company except those with an election under section 831(b)(2)(A)(iii) or 835(a), foreign corporations under section 842, or organizations under section 833, and includes face-amount certificate companies registered under the Investment Company Act of 1940. The amendments apply to dispositions after the date of enactment. A transition rule allows taxpayers to treat capital loss carryovers from dispositions of such assets before enactment as net operating losses for taxable years beginning after enactment.

Summary of the bill text as introduced in House (Sep 26, 2023), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 28, 2026.