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Draft Bill Attacks Wealthy Families' Private Placement Life Policies
By
Allison Bell
News December 17, 2024 at 02:51 PM
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What You Need To Know
- Sen. Ron Wyden has been looking hard at private placement products for 18 months.
- The bill would private placement life insurance arrangements as ordinary investment funds for tax purposes.
- A different private placement proposal could raise $9.8 billion over 10 years.
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