S. 1335, titled the “Secure Family Futures Act of 2025,” seeks to amend the Internal Revenue Code to benefit certain insurance companies. It proposes that debt held by these companies should not be considered as capital assets, which could potentially change the tax treatment...
Simple Explanation
The bill wants to make special rules for insurance companies when it comes to taxes: it would allow them to treat some debt differently and give them more time to use any financial losses to reduce future taxes, like having a special pass for longer in a game.