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House Bill

H.R. 3105

119th Congress

Promotion and Expansion of Private Employee Ownership Act of 2025

In Committee
Introduced:Jun 24, 2025

Primary Sponsor

David P. Joyce

David P. Joyce

Representative

Republican
OH-14

Cosponsors

3

Quick Stats

Policy Area

Taxation

Summary

This bill aims to create special tax rules for financial guaranty insurance companies, which are a type of insurance company that provides guarantees on certain financial products. The goal is to help determine whether these companies qualify as 'passive foreign investment companies' under tax laws.

Latest Action

Referred to the House Committee on Ways and Means.

SponsorDavid P. Joyce (R-OH)
Introduced6/24/2025
StatusReferred to the Committee on Ways and Means, and in addition to the Committees on Small Business, an
ChamberHouse
Data from Congress.gov

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Vote Prediction

Promotion and Expansion of Private Employee Ownership Act of 2025

This bill aims to create special tax rules for financial guaranty insurance companies, which are a type of insurance company that provides guarantees on certain financial products. The goal is to help determine whether these companies qualify as 'passive forei

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill aims to create special tax rules for financial guaranty insurance companies, which are a type of insurance company that provides guarantees on certain financial products. The goal is to help determine whether these companies qualify as 'passive foreign investment companies' under tax laws.

Bill Number
3105
Sponsor
David P. Joyce (R-OH)
Introduced
6/24/2025
Status
Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, an
Policy Area
Taxation

Data from Congress.gov

AI-generated summary

Fact Sheet

Title
Promotion and Expansion of Private Employee Ownership Act of 2025
Bill Number
3105
Sponsor
David P. Joyce (R-OH)
Status
Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, an
Introduced
6/24/2025
Summary
This bill aims to create special tax rules for financial guaranty insurance companies, which are a type of insurance company that provides guarantees on certain financial products. The goal is to help determine whether these companies qualify as 'passive foreign investment companies' under tax laws.

Data from Congress.gov

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