S. 3198 · 117th Congress
Registration for Index-Linked Annuities Act
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Passed the Senate without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 117th Congress ended.
D
SmithSponsor3 cosponsors · 1 D, 2 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- Senate Introduced Nov 4, 2021
- Senate Passed Dec 6, 2022
This bill requires the Securities and Exchange Commission (SEC) to create a new form for the registration of index-linked annuities to ensure that a purchaser can make a knowledgeable decision.
What it does: CRS summary · Passed Senate · Dec 6, 2022
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 to ensure that a purchaser can make a knowledgeable decision.
The bill defines a registered index-linked annuity as an annuity that is deemed a security, that is 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performance of a specified benchmark index or rate, and (2) may be subject to a market value adjustment if amounts are withdrawn early.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 (Dec 7, 2022): Held at the desk.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Nov 4, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- Senate Introduced Nov 4, 2021
- Senate Passed Dec 6, 2022
No recorded floor vote found.