Registration for Index-Linked Annuities Act
United States117th CongressHR-4865House of Representatives
Updated: Jul 27, 2022
Summary
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 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performance of a specified benchmark index or rate, and (2) may be subject to a market value adjustment if amounts are withdrawn early.
Bill texts
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
House of Representatives
Committee Consideration and Mark-up Session Held.
House of Representatives
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
House of Representatives
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