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Secure Family Futures Act of 2025

H.R. 2547 Rep. Randy Feenstra (R-IA-4) In committee
Bill text PDF
  1. Introduced Apr 1
  2. Committee Apr 1
  3. Passed House Next
  4. Passed Senate Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Apr 1, 2025Next: House vote
574d ago Apr 1, 2025: Referred to the House Committee on Ways and Means.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
9companies, 50 filings
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Companies lobbying on this bill

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Financials 9
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Summary

This bill changes tax rules for certain insurance companies by excluding debt they hold from being treated as capital assets and extending the time they can carry over capital losses from 5 years to 10 years.

Sec. 2, Debt not treated as capital asset for applicable insurance companies: The bill adds a new category to the Internal Revenue Code so that notes, bonds, debentures, or other evidence of indebtedness held by an applicable insurance company are not treated as capital assets. An applicable insurance company is generally any insurance company except those that have elected certain tax treatments under sections 831(b)(2)(A)(iii) or 835(a), foreign corporations described in section 842, organizations to which section 833 applies, or face-amount certificate companies registered under the Investment Company Act of 1940. This change applies to debt acquired after December 31, 2025.

Sec. 3, Capital loss carryovers incurred by applicable insurance companies allowed for 10 years: The bill extends the capital loss carryover period for applicable insurance companies from 5 years to 10 years, but only for losses incurred by such companies. This applies to net capital losses arising in tax years beginning after December 31, 2025.

Summary of the bill text as introduced in House (Apr 1, 2025), 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 27, 2026.