# 118-s-1787: 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.

118-s-1787, 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 118th 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/118-s-1787
- As of: 2026-10-15
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 118-s-1787
- Congress: 118
- 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: 2023-06-01
- 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), 2023-06-01T00:00:00.000Z

## Related bills

- 118-s-91: Forgotten Heroes of the Holocaust Congressional Gold Medal Act
- 118-sres-765: A resolution relating to the death of the Honorable James Mountain Inhofe, former Senator for the State of Oklahoma.
- 118-s-4680: Secretary General Jens Stoltenberg Congressional Gold Medal Act
- 118-sres-707: A resolution recognizing the significance of Jewish American Heritage Month as a time to celebrate the contributions of Jewish Americans to the society and cul…
- 118-sres-673: A resolution honoring the life of David Hampton Pryor, former United States Senator for the State of Arkansas.
- 118-sres-668: A resolution honoring the life of Daniel Robert "Bob" Graham, former Senator for the State of Florida.

## Sources
- [118-s-1787 on Congress.gov](https://www.congress.gov/bill/118th-congress/senate-bill/1787)

## Related
- [118-s-91: Forgotten Heroes of the Holocaust Congressional Gold Medal Act](https://policyrisk.com/legislation/118-s-91)
- [118-sres-765: A resolution relating to the death of the Honorable James Mountain Inhofe, form…](https://policyrisk.com/legislation/118-sres-765)
- [118-s-4680: Secretary General Jens Stoltenberg Congressional Gold Medal Act](https://policyrisk.com/legislation/118-s-4680)
- [118-sres-707: A resolution recognizing the significance of Jewish American Heritage Month as…](https://policyrisk.com/legislation/118-sres-707)
- [118-sres-673: A resolution honoring the life of David Hampton Pryor, former United States Sen…](https://policyrisk.com/legislation/118-sres-673)
- [118-sres-668: A resolution honoring the life of Daniel Robert "Bob" Graham, former Senator fo…](https://policyrisk.com/legislation/118-sres-668)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/118-s-1787 (as of 2026-10-15).