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H.R. 2733 · 111th Congress

Fixed Indexed Annuities and Insurance Products Classification Act of 2009

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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

GMD MeeksSponsor
87 cosponsors · 37 D, 50 R
LBD Boswell KBR Brady JCR Culberson WCD Clay ECD Cleaver SDD Driehaus CFD Fattah MFD Fudge LJR Jenkins RKD Kind JKR Kline TLR Latham SLR LaTourette MMR McCaul EPD Pomeroy RPR Paul TPR Price FSR Sensenbrenner PSR Sessions PWD Welch CWD Wilson MBR Bachmann VFR Foxx DRR Rohrabacher LSR Smith RKD Klein HCR Coble LKD Kissell ZWR Wamp JBR Bonner LTR Terry FKD Kratovil LLR Lance BLR Luetkemeyer TMR McClintock TPR Platts MRD Ross LWR Westmoreland RWR Wittman BPR Posey DBR Burton BED Ellsworth VBR Buchanan EPR Paulsen CRD Ruppersberger TRR Rooney DSD Scott TTR Tiahrt SBD Berkley JBR Boozman SJR Johnson SKR King SMR Myrick GPD Peters MTR Thornberry PTR Tiberi GHR Harper MJD Jo Kilroy SAR Austria MBR Blackburn TCD Childers KMR Marchant NRD Rahall SGR Garrett JMR Moran JBD Baca SKD Kosmas SLD Lynch TMR Murphy HSD Shuler JGR Gerlach ASD Schwartz CKD Kilpatrick PMD Murphy WMD Minnick RNR Neugebauer DTD Titus HJD Johnson TMR McCotter JSR Shadegg DLD Loebsack CMR McMorris Rodgers BBD Braley CMR Miller LRD Richardson BTD Thompson EJD Johnson

21 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Fixed Indexed Annuities and Insurance Products Classification Act of 2009 - Amends the Securities Act of 1933 to include within the class of securities exempt from its coverage any insurance or endowment policy or annuity contract or optional annuity contract: (1) whose value does not vary according to the performance of a separate account; and (2) which…

What it does: CRS summary · Introduced in House · Jun 4, 2009

Fixed Indexed Annuities and Insurance Products Classification Act of 2009 - Amends the Securities Act of 1933 to include within the class of securities exempt from its coverage any insurance or endowment policy or annuity contract or optional annuity contract: (1) whose value does not vary according to the performance of a separate account; and (2) which satisfies standard nonforfeiture laws or similar requirements of the applicable state, Territory, or District of Columbia at time of issue or, in the absence of applicable standard nonforfeiture laws or requirements, satisfies the Model Standard Nonforfeiture Law for Life Insurance or Model Standard Nonforfeiture Law for Individual Deferred Annuities, or any successor model law, as published by the National Association of Insurance Commissioners.

Declares without force or effect Rule 151A promulgated by the Securities and Exchange Commission (SEC) on January 16, 2009, and entitled "Indexed Annuities and Certain Other Insurance Contracts."

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Fixed Indexed Annuities and Insurance Products Classification Act of 2009

Latest action (Jun 4, 2009): Referred to the House Committee on Financial Services.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Jun 4, 2009

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.