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.

7/4/2025, 8:37 AM

Summary of Bill S 1987

This bill, titled "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," was introduced in the 119th Congress on June 9, 2025.

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Current Status of Bill S 1987

Bill S 1987 is currently in the status of Bill Introduced since June 9, 2025. Bill S 1987 was introduced during Congress 119 and was introduced to the Senate on June 9, 2025. Bill S 1987's most recent activity was Read twice and referred to the Committee on Finance. as of June 9, 2025

Bipartisan Support of Bill S 1987

Total Number of Sponsors

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Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 1987

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 1987

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.