H.R. 6994 · 116th Congress
Registration for Index-Linked Annuities Act
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
PhillipsSponsor10 cosponsors · 5 D, 5 R
R
Stivers
BH
R
Huizenga
BF
D
Foster
AM
R
Mooney
TH
R
Hollingsworth
DH
D
Heck
EP
D
Perlmutter
HR
D
Rouda
BS
D
Sherman
AW
R
Wagner1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill requires the Securities and Exchange Commission (SEC) to create a new form for the registration of index linked annuities.
What it does: CRS summary · Introduced in House · May 22, 2020
Registration for Index-Linked Annuities Act
This bill requires the Securities and Exchange Commission (SEC) to create a new form for the registration of index linked annuities.
The bill defines a registered index linked annuity as an annuity that is deemed a security, that must be registered with the SEC, and that is issued by an insurance company subject to state supervision. Furthermore, the returns of these annuities (1) are based on the performance of a specified index rate or other financial tracking vehicle, (2) are subject to modification by a financial calculation mechanism, and (3) may be subject to a market value adjustment if amounts are withdrawn early.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Registration for Index-Linked Annuities Act
Latest action (May 22, 2020): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: May 22, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.