# 117-s-3217: A bill to amend the Internal Revenue Code of 1986 to provide special rules for purposes of determining if financial guaranty insurance companies are qualifying insurance corporations under the passive foreign investment company rules.

117-s-3217, A bill to amend the Internal Revenue Code of 1986 to provide special rules for purposes of determining if financial guaranty insurance companies are qualifying insurance corporations under the passive foreign investment company rules., is a 117th Congress bill sponsored by Sen. Menendez, Robert [D-NJ] (D-NJ); status Read twice and referred to the Committee on Finance. (as of 2026-10-15).

- Canonical: https://policyrisk.com/legislation/117-s-3217
- As of: 2026-10-15
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-s-3217
- Congress: 117
- Title: A bill to amend the Internal Revenue Code of 1986 to provide special rules for purposes of determining if financial guaranty insurance companies are qualifying insurance corporations under the passive foreign investment company rules.
- Status: Read twice and referred to the Committee on Finance.
- Introduced: 2021-11-17
- Sponsor: Sen. Menendez, Robert [D-NJ] (D-NJ)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2026-10-15

## Summary

A bill to amend the Internal Revenue Code of 1986 to provide special rules for purposes of determining if financial guaranty insurance companies are qualifying insurance corporations under the passive foreign investment company rules.

## Cosponsors (1)

- Sen. Cassidy, Bill [R-LA] (R-LA), 2021-11-18T00:00:00.000Z

## Related bills

- 117-s-475: Juneteenth National Independence Day Act
- 117-s-1404: Ghost Army Congressional Gold Medal Act
- 117-s-5161: A bill to provide for the liquidation or reliquidation of certain entries of products of European Union member states, and for other purposes.
- 117-sconres-47: A concurrent resolution commending the bravery, courage, and resolve of the women and men of Iran demonstrating in more than 80 cities and risking their safety…
- 117-sres-782: A resolution recognizing Hispanic Heritage Month and celebrating the heritage and culture of Latinos in the United States and the immense contributions of Lati…
- 117-sres-762: A resolution honoring the life and accomplishments of Queen Elizabeth II and expressing condolences to her family and the United Kingdom on her passing.

## Sources
- [117-s-3217 on Congress.gov](https://www.congress.gov/bill/117th-congress/senate-bill/3217)

## Related
- [117-s-475: Juneteenth National Independence Day Act](https://policyrisk.com/legislation/117-s-475)
- [117-s-1404: Ghost Army Congressional Gold Medal Act](https://policyrisk.com/legislation/117-s-1404)
- [117-s-5161: A bill to provide for the liquidation or reliquidation of certain entries of pr…](https://policyrisk.com/legislation/117-s-5161)
- [117-sconres-47: A concurrent resolution commending the bravery, courage, and resolve of the wom…](https://policyrisk.com/legislation/117-sconres-47)
- [117-sres-782: A resolution recognizing Hispanic Heritage Month and celebrating the heritage a…](https://policyrisk.com/legislation/117-sres-782)
- [117-sres-762: A resolution honoring the life and accomplishments of Queen Elizabeth II and ex…](https://policyrisk.com/legislation/117-sres-762)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-s-3217 (as of 2026-10-15).