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
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
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 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performance of a specified benchmark index or rate, and (2) may be subject to a market value adjustment if amounts are withdrawn early.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
Held at the desk.
Committees of jurisdiction
1