# 119-s-1335: Secure Family Futures Act of 2025

119-s-1335, Secure Family Futures Act of 2025, is a 119th Congress bill sponsored by Sen. Tillis, Thomas [R-NC] (R-NC); status introduced; PRIA reads it as touching household money (as of 2026-06-04).

- Canonical: https://policyrisk.com/legislation/119-s-1335
- As of: 2026-06-04
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1335
- Congress: 119
- Title: Secure Family Futures Act of 2025
- Status: introduced
- Introduced: 2025-04-08
- Sponsor: Sen. Tillis, Thomas [R-NC] (R-NC)
- Cosponsors: 9
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-06-04

## Summary

**This bill would make debt instruments held by most insurance companies non-capital assets for federal tax purposes.** It also would extend the carryforward period for net capital losses incurred by those "applicable insurance companies" to 10 taxable years, and it makes these changes apply to debt acquired and losses arising after December 31, 2025, while defining which insurers qualify and naming specific exceptions and inclusions.

## Cosponsors (9)

- Sen. Warnock, Raphael G. [D-GA] (D-GA), 2025-04-08T00:00:00.000Z
- Sen. Blackburn, Marsha [R-TN] (R-TN), 2025-05-08T00:00:00.000Z
- Sen. Warner, Mark R. [D-VA] (D-VA), 2025-05-08T00:00:00.000Z
- Sen. Grassley, Chuck [R-IA] (R-IA), 2025-10-09T00:00:00.000Z
- Sen. McCormick, David [R-PA] (R-PA), 2025-12-09T00:00:00.000Z
- Sen. Banks, Jim [R-IN] (R-IN), 2025-12-09T00:00:00.000Z
- Sen. Young, Todd [R-IN] (R-IN), 2026-01-06T00:00:00.000Z
- Sen. Ernst, Joni [R-IA] (R-IA), 2026-02-04T00:00:00.000Z
- Sen. Cortez Masto, Catherine [D-NV] (D-NV), 2026-06-02T00:00:00.000Z

## Provisions PRIA read

- Tax rules for certain insurance companies: benefit, medium. This bill would change how some insurance companies are taxed. It would say that bonds, notes, and similar debt bought after December 31, 2025 by qualifying insurers would not be treated as capital assets. The bill would define which insurers qualify and would exclude insurers with certain small‑in…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.
- 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona.
- 119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina.
- 119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former Senator for the State of Michigan.
- 119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for the State of California.

## Sources
- [119-s-1335 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1335)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897)
- [119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham,…](https://policyrisk.com/legislation/119-sres-801)
- [119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former S…](https://policyrisk.com/legislation/119-sres-755)
- [119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for…](https://policyrisk.com/legislation/119-sres-739)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1335 (as of 2026-06-04).