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Clifford Chance

Clifford Chance

Briefings

Senator Wyden Introduces New Bill Clarifying the Insurance Exception to the PFIC Rules

27 June 2015

On June 25, 2015, Senate Finance Committee Ranking Member Ron Wyden introduced a bill that would require insurance companies to maintain minimum levels of certain insurance liabilities in order to qualify for the exception to the passive foreign investment company rules applicable to insurance companies.

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