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HR 2951 117th Congress House Taxation Administrative law and regulatory procedures Department of the Treasury Financial services and investments Insurance industry and regulation Life, casualty, property insurance Securities

To direct the Secretary of the Treasury to modify Treasury Regulations relating to insurance-dedicated exchange-traded funds.

Introduced: April 30, 2021 See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 30, 2021
Referred to the House Committee on Ways and Means.
Apr 30, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

This bill requires the Department of the Treasury, within five years of the enactment of this bill, to modify its regulations relating to Income Tax; Diversification Requirements for Variable Annuity, Endowment, and Life Insurance Contracts to facilitate the use of exchange-traded funds as investment options under certain variable contracts.

An exchange-traded fund means a regulated investment company, partnership, or trust (1) that is registered with the Securities and Exchange Commission as an open-end investment company or a unit investment trust, (2) the shares of which can be directly purchased or redeemed only by an authorized participant (i.e., a financial institution that is a member or participant of a registered clearing agency), and (3) the shares of which are traded throughout the day on a national stock exchange at market prices that may or may not be the same as the net asset value of the shares.

What's happening now April 30, 2021

Referred to the House Committee on Ways and Means.

 Related & companion bills 3
  • HR 2954 Related bill Securing a Strong Retirement Act of 2022
  • S 1770 Related bill Retirement Security and Savings Act of 2021
  • S 4808 Related bill EARN Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Suozzi, Thomas R.
New York · Apr 30, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2951: To direct the Secretary of the Treasury to modify Treasury Regulations relating to insurance-dedicated exchange-traded funds.. 117th Congress. Open America. https://openamerica.io/bill/117-HR-2951/
MLA
"H.R. 2951: To direct the Secretary of the Treasury to modify Treasury Regulations relating to insurance-dedicated exchange-traded funds.." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-2951/.
Bluebook (legal)
H.R. 2951, 117th Cong. (2026), https://openamerica.io/bill/117-HR-2951/.
Markdown link
[H.R. 2951: To direct the Secretary of the Treasury to modify Treasury Regulations relating to insurance-dedicated exchange-traded funds.](https://openamerica.io/bill/117-HR-2951/)
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