Secure Family Futures Act of 2025

Bill 119 HR 2547, also known as the "Insurance Company Capital Assets and Loss Carryovers Amendment Act," aims to make changes to the Internal Revenue Code of 1986 specifically for certain insurance companies. The bill proposes to exclude debt held by these insurance companies from being considered as capital assets. Additionally, the bill seeks to extend the period for which these companies can carry over capital losses from 5 years to 10 years.

The main purpose of this bill is to provide relief and flexibility for insurance companies in managing their capital assets and losses. By excluding debt from capital assets, these companies may have more accurate financial reporting and potentially lower tax liabilities. Extending the period for capital loss carryovers allows insurance companies more time to offset future profits with previous losses, which can help stabilize their financial position over a longer period of time.

Overall, Bill 119 HR 2547 aims to support the financial health and stability of certain insurance companies by providing them with more favorable tax treatment and flexibility in managing their capital assets and losses.