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119-hr-2547119th CongressWALLET

Secure Family Futures Act of 2025

Sponsored By: Representative Feenstra, Randy [R-IA-4]

Introduced

Summary

Changes how certain insurance companies treat debt and losses for tax purposes. This bill removes certain notes, bonds, debentures and similar debt from the definition of capital assets for specified insurance-related entities and extends the capital loss carryover period for some losses to 10 years.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Tax changes for insurer investments

If enacted, this would change how some insurers are taxed on the debt they hold. For notes, bonds, and similar debt bought after December 31, 2025, those items would not count as capital assets. It would also let these insurers carry capital losses forward for up to 10 years, for losses from tax years starting after December 31, 2025. The 10-year carryforward would also apply to foreign expropriation losses. These changes would apply only to “applicable insurance companies” defined in the bill and would not cover insurers with certain elections, some foreign insurers, or section 833 organizations.

Sponsors & CoSponsors

Sponsor

Feenstra, Randy [R-IA-4]

IA • R

Cosponsors

  • Rep. Sewell, Terri A. [D-AL-7]

    AL • D

    Sponsored 4/1/2025

  • Rep. Flood, Mike [R-NE-1]

    NE • R

    Sponsored 4/1/2025

  • Rep. Tenney, Claudia [R-NY-24]

    NY • R

    Sponsored 4/7/2025

  • Rep. McCormick, Richard [R-GA-7]

    GA • R

    Sponsored 4/8/2025

  • Rep. Kustoff, David [R-TN-8]

    TN • R

    Sponsored 4/10/2025

  • Rep. Fitzpatrick, Brian K. [R-PA-1]

    PA • R

    Sponsored 4/10/2025

  • Rep. Meuser, Daniel [R-PA-9]

    PA • R

    Sponsored 4/17/2025

  • Rep. Malliotakis, Nicole [R-NY-11]

    NY • R

    Sponsored 4/24/2025

  • Rep. Nunn, Zachary [R-IA-3]

    IA • R

    Sponsored 4/24/2025

  • Rep. Moore, Blake D. [R-UT-1]

    UT • R

    Sponsored 4/30/2025

  • Rep. Moran, Nathaniel [R-TX-1]

    TX • R

    Sponsored 4/30/2025

  • Rep. Fitzgerald, Scott [R-WI-5]

    WI • R

    Sponsored 4/30/2025

  • Rep. Timmons, William R. [R-SC-4]

    SC • R

    Sponsored 5/9/2025

  • Rep. Burlison, Eric [R-MO-7]

    MO • R

    Sponsored 5/14/2025

  • Rep. Smucker, Lloyd [R-PA-11]

    PA • R

    Sponsored 6/10/2025

  • Rep. Panetta, Jimmy [D-CA-19]

    CA • D

    Sponsored 6/12/2025

  • Rep. Lawler, Michael [R-NY-17]

    NY • R

    Sponsored 6/23/2025

  • Rep. Miller-Meeks, Mariannette [R-IA-1]

    IA • R

    Sponsored 6/26/2025

  • Rep. Moore, Gwen [D-WI-4]

    WI • D

    Sponsored 6/27/2025

  • Rep. Cleaver, Emanuel [D-MO-5]

    MO • D

    Sponsored 7/10/2025

  • Rep. Boyle, Brendan F. [D-PA-2]

    PA • D

    Sponsored 7/10/2025

  • Rep. Davis, Danny K. [D-IL-7]

    IL • D

    Sponsored 7/17/2025

  • Rep. LaHood, Darin [R-IL-16]

    IL • R

    Sponsored 7/21/2025

  • Rep. Estes, Ron [R-KS-4]

    KS • R

    Sponsored 7/21/2025

  • Rep. Garbarino, Andrew R. [R-NY-2]

    NY • R

    Sponsored 7/23/2025

  • Rep. Suozzi, Thomas R. [D-NY-3]

    NY • D

    Sponsored 9/17/2025

  • Rep. Hinson, Ashley [R-IA-2]

    IA • R

    Sponsored 9/18/2025

  • Rep. Buchanan, Vern [R-FL-16]

    FL • R

    Sponsored 10/10/2025

  • Rep. Van Duyne, Beth [R-TX-24]

    TX • R

    Sponsored 10/28/2025

  • Rep. Kelly, Mike [R-PA-16]

    PA • R

    Sponsored 10/31/2025

  • Rep. Larson, John B. [D-CT-1]

    CT • D

    Sponsored 10/31/2025

  • Rep. Sánchez, Linda T. [D-CA-38]

    CA • D

    Sponsored 10/31/2025

  • Rep. Miller, Max L. [R-OH-7]

    OH • R

    Sponsored 11/7/2025

  • Rep. Morelle, Joseph D. [D-NY-25]

    NY • D

    Sponsored 11/10/2025

  • Rep. Mackenzie, Ryan [R-PA-7]

    PA • R

    Sponsored 12/2/2025

  • Rep. Kennedy, Timothy M. [D-NY-26]

    NY • D

    Sponsored 12/2/2025

  • Rep. Yakym, Rudy [R-IN-2]

    IN • R

    Sponsored 12/2/2025

  • Rep. McDonald Rivet, Kristen [D-MI-8]

    MI • D

    Sponsored 12/11/2025

  • Rep. DelBene, Suzan K. [D-WA-1]

    WA • D

    Sponsored 12/17/2025

  • Rep. Schneider, Bradley Scott [D-IL-10]

    IL • D

    Sponsored 2/11/2026

  • Rep. Scott, David [D-GA-13]

    GA • D

    Sponsored 3/5/2026

  • Rep. Steil, Bryan [R-WI-1]

    WI • R

    Sponsored 3/9/2026

  • Rep. Wagner, Ann [R-MO-2]

    MO • R

    Sponsored 3/17/2026

  • Rep. Kim, Young [R-CA-40]

    CA • R

    Sponsored 3/17/2026

  • Rep. Huizenga, Bill [R-MI-4]

    MI • R

    Sponsored 3/17/2026

  • Rep. Bishop, Sanford D. [D-GA-2]

    GA • D

    Sponsored 3/19/2026

  • Rep. Gottheimer, Josh [D-NJ-5]

    NJ • D

    Sponsored 3/25/2026

  • Rep. Conaway, Herbert C. [D-NJ-3]

    NJ • D

    Sponsored 4/29/2026

  • Rep. Pou, Nellie [D-NJ-9]

    NJ • D

    Sponsored 5/12/2026

  • Rep. Norcross, Donald [D-NJ-1]

    NJ • D

    Sponsored 6/11/2026

  • Rep. Carey, Mike [R-OH-15]

    OH • R

    Sponsored 6/18/2026

  • Rep. McDowell, Addison P. [R-NC-6]

    NC • R

    Sponsored 6/22/2026

  • Rep. Bean, Aaron [R-FL-4]

    FL • R

    Sponsored 8/20/2026

  • Rep. Barr, Andy [R-KY-6]

    KY • R

    Sponsored 9/15/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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