To provide for additional protections and disclosures to consumers when financial products or services are related to the consumers' military or Federal pensions, and for other purposes.
Summary
Official Summary
Annuity Safety and Security Under Reasonable Enforcement Act of 2018 or the ASSURE Act of 2018
This bill (1) requires additional disclosures regarding financial products that use federal and military pension benefits as consideration, (2) limits the maximum interest rates on these financial products, (3) provides for a private right of action with respect to prohibited assignments of specified benefits for veterans and military retirees, and (4) otherwise revises provisions related to these benefits and products.
Bill texts
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Timeline
Referred to the Committee on Financial Services, and in addition to the Committees on Veterans' Affairs, Armed Services, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
House of Representatives
Introduced in House
Referred to the Subcommittee on Military Personnel.
House of Representatives
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