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S 3198 117th Congress Senate 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: November 4, 2021 Introduced by: Smith, Tina Democratic · Minnesota 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 9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 7, 2022
Held at the desk.
Dec 7, 2022
Received in the House.
Dec 7, 2022
Message on Senate action sent to the House.
Dec 6, 2022
Passed Senate with an amendment by Unanimous Consent. (text of amendment in the nature of a substitute: CR S7004)
Dec 6, 2022
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
Dec 6, 2022
Measure laid before Senate by unanimous consent. (consideration: CR S7003-7004)
Dec 6, 2022
Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
Nov 4, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 4, 2021
Introduced in Senate
 Amendments to this bill 1

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

1 agreed to

AmendmentSponsorPurposeStatusLatest action
SAMDT 6,506 Smith, Tina In the nature of a substitute. Agreed to Dec 6, 2022
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 Plain-English summary Congressional Research Service

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 is 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 December 7, 2022

Held at the desk.

 Related & companion bills 1
  • HR 4865 Related bill Registration for Index-Linked Annuities Act
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 1

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

  • THORN RUN PARTNERS
    for JACKSON NATIONAL LIFE INSURANCE COMPANY · Michigan · 1st Quarter (Jan 1 - Mar 31) 2025
 Cosponsors 3
All 3 Democratic 1 Republican 2
R
Hagerty, Bill
Tennessee · Sep 8, 2022
 D
Van Hollen, Chris
Maryland · Sep 8, 2022
 R
Tillis, Thomas
North Carolina · Nov 4, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3198: Registration for Index-Linked Annuities Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-3198/
MLA
"S. 3198: Registration for Index-Linked Annuities Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-3198/.
Bluebook (legal)
S. 3198, 117th Cong. (2026), https://openamerica.io/bill/117-S-3198/.
Markdown link
[S. 3198: Registration for Index-Linked Annuities Act](https://openamerica.io/bill/117-S-3198/)
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