Secure Family Futures Act of 2023

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 5707 Introduced in House (IH)] <DOC> 118th CONGRESS 1st Session H. R. 5707 To amend the Internal Revenue Code of 1986 to exclude debt held by certain insurance companies from capital assets. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES September 26, 2023 Mr. Feenstra (for himself and Ms. Sewell) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to exclude debt held by certain insurance companies from capital assets. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Secure Family Futures Act of 2023''. SEC. 2. DEBT NOT TREATED AS CAPITAL ASSET FOR APPLICABLE INSURANCE COMPANIES. (a) Exclusion From Capital Assets.--Section 1221(a) of the Internal Revenue Code of 1986 is amended by striking ``or'' at the end of paragraph (7), by striking the period at the end of par…