Secure Family Futures Act of 2025
Sponsored By: Representative Feenstra
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
IA • R
Cosponsors
Sewell
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
Kustoff
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
Fitzgerald
WI • R
Sponsored 4/30/2025
Timmons
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
Davis (IL)
IL • D
Sponsored 7/17/2025
LaHood
IL • R
Sponsored 7/21/2025
Estes
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
Buchanan
FL • R
Sponsored 10/10/2025
Van Duyne
TX • R
Sponsored 10/28/2025
Kelly (PA)
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
Kennedy (NY)
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
DelBene
WA • D
Sponsored 12/17/2025
Rep. Schneider, Bradley Scott [D-IL-10]
IL • D
Sponsored 2/11/2026
Scott, David
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
Bishop
GA • D
Sponsored 3/19/2026
Rep. Gottheimer, Josh [D-NJ-5]
NJ • D
Sponsored 3/25/2026
Conaway
NJ • D
Sponsored 4/29/2026
Rep. Pou, Nellie [D-NJ-9]
NJ • D
Sponsored 5/12/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov