S. 1987In Committee
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.
Amends passive foreign investment company tax rules to set special qualification standards for financial guaranty insurance companies as insurance corporations
Plain-English overview
What this bill does
Amends passive foreign investment company tax rules to set special qualification standards for financial guaranty insurance companies as insurance corporations
Key points
- Amend PFIC qualification rules
Current status
Where it stands
Status
In Committee
Latest action
2025-06-09 — Read twice and referred to the Committee on Finance.
Related context
Topics and policy areas
undefinedTaxation