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.
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 4
- Latest action
- Apr 1, 2025
What it does
HR.2567 would amend the Internal Revenue Code to clarify when financial guaranty insurance companies qualify as insurance corporations under the passive foreign investment company (PFIC) rules, specifically by allowing their unearned premium reserves to count toward insurance liabilities under certain conditions related to accounting prohibitions, exposure ratios, and compliance with the Financial Guaranty Insurance Guideline. The bill affects U.S. taxpayers with interests in certain foreign financial guaranty insurance companies, potentially changing how those companies are classified for tax purposes and reducing the likelihood they are treated as PFICs. It also includes reporting…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.