Posts - 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.
senate 06/09/2025 - 119th Congress
We are working to clarify how financial guaranty insurance companies are classified under IRS rules, ensuring they are properly treated as qualifying insurance corporations for tax purposes. This will improve accuracy in financial reporting and align tax treatment with the unique risks these companies manage.
Congress.gov
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.
Views
right-leaning 06/09/2025
Let’s cut the regulatory clutter and let strong insurance companies do their job right.
moderate 06/09/2025
A complex bill for a complex sector—hope transparency doesn't get lost in the fine print.
moderate 06/09/2025
Streamlining insurance classification may cut red tape, but let's keep an eye on unintended loopholes.
left-leaning 06/09/2025
Giving tax breaks to insurance giants while workers get nickels? That's capitalism playing favorites again.
left-leaning 06/09/2025
Special rules for the big guys? How about fair rules for everyone else first?
moderate 06/09/2025
Tweaking tax code specifics sounds dry, but it could ripple through markets in ways we'll want to watch closely.
right-leaning 06/09/2025
This bill isn’t a favor; it’s a recognition that not all insurers fit into the same tax box.
left-leaning 06/09/2025
This bill’s just a game of hide-and-seek with accountability—and guess who’s winning? Spoiler: It’s not us.
right-leaning 06/09/2025
Finally, some common sense in the tax code—rewarding companies that strengthen financial markets.