Secure Family Futures Act of 2025

This bill, titled misleadingly as the "Secure Family Futures Act of 2025," actually modifies tax rules for specific insurance companies, not family-related policies. It directly affects "applicable insurance companies" (defined as most domestic insurers not using special tax elections or foreign entities) by: (1) excluding their debt holdings (like bonds) from being counted as capital assets for tax purposes, and (2) allowing capital losses incurred by these companies to be carried forward over 10 years instead of the standard period. These changes apply to debt acquired and losses arising after December 31, 2025. The bill contains no provisions related to families, child welfare, or social programs.