Bill extends insurer capital-loss carryover to 10 years
In committeeH.R. 2547Latest action
Sponsor: Randy Feenstra · Representative · IA
AIDecoded by AI · checked against the recordRead the official text
Official title: Secure Family Futures Act of 2025
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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HR 2547 changes two tax rules for most U.S. insurance companies, starting with losses after December 31, 2025.
40-second read · 4 questions answered below
What does this do?
This bill makes two changes to federal tax rules for insurance companies. First, losses on debt investments like bonds would be counted as ordinary losses, not capital losses, which follow stricter rules. Second, insurance companies would have 10 years instead of 5 to use past investment losses to offset future taxable gains.
Who does it affect?
These changes apply to most U.S. insurance companies. A few types are excluded, including certain small insurers, foreign insurers, and nonprofit health organizations.
Why does it matter?
Counting debt investment losses as ordinary losses gives insurance companies more flexibility in how those losses are treated at tax time. Extending the carryover period from 5 to 10 years means companies have a longer window to apply past losses against future gains.
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Where does it stand?
- IntroducedApr 1, 2025
- House committeeYou are here · Apr 1, 2025
- House vote
- Senate
- The president's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Referred to the House Committee on Ways and Means.