The Catastrophic Risk Transfer Act of 2025 aims to amend the Internal Revenue Code to create a tax system for companies that handle catastrophic risks, like major natural disasters, to ensure they have enough capital to cover potential insurance losses. These companies must...
Simple Explanation
The Catastrophic Risk Transfer Act of 2025 wants to make sure that special companies, which protect against big disasters like hurricanes, have enough money by making new rules about how they should pay taxes and handle money. These rules help make sure that the companies and their helpers stick to their main job of handling big risks, while also being fair and clear about how they pay their share of taxes.