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Registration for Index Linked Annuities Act of 2020

USA116th CongressS-3795| Senate 
| Updated: 5/21/2020
Tina Smith

Tina Smith

Democratic Senator

Minnesota

Cosponsors (1)
Thomas Tillis (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Registration for Index-Linked Annuities Act of 2020 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modification by a financial calculation mechanism, and (3) may be subject to a market value adjustment if amounts are withdrawn early.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
Introduced in Senate
May 21, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 22, 2020

Latest Companion Bill Action

HR 116-6994
Introduced in House
  • May 21, 2020
    Introduced in Senate


  • May 21, 2020
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • May 22, 2020

    Latest Companion Bill Action

    HR 116-6994
    Introduced in House

Finance and Financial Sector

Related Bills

  • HR 116-6994: Registration for Index-Linked Annuities Act

Registration for Index Linked Annuities Act of 2020

USA116th CongressS-3795| Senate 
| Updated: 5/21/2020
Registration for Index-Linked Annuities Act of 2020 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modification by a financial calculation mechanism, and (3) may be subject to a market value adjustment if amounts are withdrawn early.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

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Timeline
May 21, 2020
Introduced in Senate
May 21, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 22, 2020

Latest Companion Bill Action

HR 116-6994
Introduced in House
  • May 21, 2020
    Introduced in Senate


  • May 21, 2020
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • May 22, 2020

    Latest Companion Bill Action

    HR 116-6994
    Introduced in House
Tina Smith

Tina Smith

Democratic Senator

Minnesota

Cosponsors (1)
Thomas Tillis (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 116-6994: Registration for Index-Linked Annuities Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted