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Registration for Index-Linked Annuities Act

USA116th CongressHR-6994| House 
| Updated: 5/22/2020
Dean Phillips

Dean Phillips

Democratic Representative

Minnesota

Cosponsors (10)
Alexander X. Mooney (Republican)Steve Stivers (Republican)Bill Foster (Democratic)Harley Rouda (Democratic)Ann Wagner (Republican)Trey Hollingsworth (Republican)Brad Sherman (Democratic)Denny Heck (Democratic)Bill Huizenga (Republican)Ed Perlmutter (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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modification by a financial calculation mechanism, and (3) may be subject to a market value adjustment if amounts are withdrawn early.
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Timeline
May 21, 2020

Latest Companion Bill Action

S 116-3795
Introduced in Senate
May 22, 2020
Introduced in House
May 22, 2020
Referred to the House Committee on Financial Services.
  • May 21, 2020

    Latest Companion Bill Action

    S 116-3795
    Introduced in Senate


  • May 22, 2020
    Introduced in House


  • May 22, 2020
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • S 116-3795: Registration for Index Linked Annuities Act of 2020
Insurance industry and regulationInterest, dividends, interest ratesLicensing and registrationsPerformance measurementSecuritiesSecurities and Exchange Commission (SEC)

Registration for Index-Linked Annuities Act

USA116th CongressHR-6994| House 
| Updated: 5/22/2020
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 21, 2020

Latest Companion Bill Action

S 116-3795
Introduced in Senate
May 22, 2020
Introduced in House
May 22, 2020
Referred to the House Committee on Financial Services.
  • May 21, 2020

    Latest Companion Bill Action

    S 116-3795
    Introduced in Senate


  • May 22, 2020
    Introduced in House


  • May 22, 2020
    Referred to the House Committee on Financial Services.
Dean Phillips

Dean Phillips

Democratic Representative

Minnesota

Cosponsors (10)
Alexander X. Mooney (Republican)Steve Stivers (Republican)Bill Foster (Democratic)Harley Rouda (Democratic)Ann Wagner (Republican)Trey Hollingsworth (Republican)Brad Sherman (Democratic)Denny Heck (Democratic)Bill Huizenga (Republican)Ed Perlmutter (Democratic)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • S 116-3795: Registration for Index Linked Annuities Act of 2020
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Insurance industry and regulationInterest, dividends, interest ratesLicensing and registrationsPerformance measurementSecuritiesSecurities and Exchange Commission (SEC)