HR 4865
117th Congress
House
Finance and Financial Sector
Insurance industry and regulation
Interest, dividends, interest rates
Licensing and registrations
Performance measurement
Securities
Securities and Exchange Commission (SEC)
Registration for Index-Linked Annuities Act
Introduced: July 30, 2021
Introduced by:
Adams, Alma S.
Democratic
· North Carolina
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 27, 2022
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Jul 27, 2022
Committee Consideration and Mark-up Session Held.
Jul 30, 2021
Referred to the House Committee on Financial Services.
Jul 30, 2021
Introduced in House
Plain-English 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performance of a specified benchmark index or rate, and (2) may be subject to a market value adjustment if amounts are withdrawn early.
What's happening now
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Committees of jurisdiction
1