PPLI Abuse Act
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, PPLI Abuse Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Foreign Policy, Education.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section id0a34239913324221b9ae0c98600c356f: 1. Short title This Act may be cited as the Protecting Proper Life Insurance from Abuse Act or the PPLI Abuse Act.
- Section id0bc9573be7e34ababf29224afb802383: 2. Tax treatment of private placement contracts Chapter 79 of the Internal Revenue Code of 1986 is amended by inserting after section 7702B the following new...
- Section id0A101809C664427DB4989AF43EF634A9: 7702C. Treatment of applicable private placement contracts Notwithstanding any other provision of this title, an applicable private placement contract shall...
- Section idbd1beac2fbe5410bb1da16aa10b056a9: 3. Reporting requirements Subpart B of part III of subchapter A of chapter 61 of the Internal Revenue Code of 1986 is amended by adding at the end the...
- Section idDE9C54BF7F9F48E1B1E4AC6CFFE2E3DE: 6050BB. Returns relating to applicable private placement contracts Every reporting issuer, shall, not later than the applicable date, make a return (in such...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, PPLI Abuse Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Foreign Policy, Education
Primary Purpose
This bill, PPLI Abuse Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
In CommitteeRead twice and referred to the Committee on Finance.
Introduced in Senate
Mr. Wyden introduced the following bill; which was read twice …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology