CONGRESS FOR VOTERS

Thomas Tillis (R-NC)

Secure Family Futures Act of 2025

S. 1335 · Senate bill Taxation

A Republican bill with 4 Democratic cosponsors · See all 10 cosponsors

Last activity — Read twice and referred to the Committee on Finance.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the "Secure Family Futures Act of 2025," proposes changes to the Internal Revenue Code of 1986. It seeks to exclude debt held by certain insurance companies from being treated as capital assets. The legislation also aims to extend the period for capital loss carryovers for these specific companies. Currently, these carryovers are limited to 5 years, but the bill would extend them to 10 years. These changes apply to "applicable insurance companies" as defined by the act.

Yes

  • Scored +3

    Would business owners be better off under this?

    The bill benefits insurance company owners by extending the period for capital loss carryovers.

  • Scored +3

    Does this cut the tax on profits from selling investments?

    The bill provides tax relief to insurance companies by extending the duration for which they can carry over capital losses.

The opposite

No question was scored the opposite.