HR 1481
CART Act of 2025
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 6:44 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Catastrophic Risk Transfer Act of 2025 (CART Act) aims to establish a specific tax framework for ‘catastrophic risk transfer companies,’ which are corporations focused on managing large-scale insurance losses. The bill proposes classifying these companies under Subchapter M of the Internal Revenue Code and creating new sections to govern their taxation, including limitations on dividends and a gross income test. It also addresses the taxation of security holders and introduces rules for dividends paid after the close of a taxable year. Furthermore, the bill includes provisions to prevent double taxation on reinsurance premiums and establishes a definition of ‘catastrophic risk’ for tax purposes.
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