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Bill117th CongressFiled Nov 4, 2021Finance and Financial Sector
S. 3198

Registration for Index-Linked Annuities Act

Bill journey · stage 1 of 5

Just introduced

Filed
Comm.
Floor
Both
Law

What it doesSummary passed senate (Dec 6, 2022)

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performance of a specified benchmark index or rate, and (2) may be subject to a market value adjustment if amounts are withdrawn early.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 just happenedDec 7, 2022

Held at the desk.

Who’s behind it

Sen. Smith, Tina [D-MN](D-MN)Sponsor
3 cosponsors1 D2 R
Read on Congress.gov
3cosponsors1committees10actions1amendments1related bills6subjects
  1. Dec 7, 2022FloorH15000

    Held at the desk.

  2. Dec 7, 2022FloorH14000

    Received in the House.

  3. Dec 7, 2022Floor

    Message on Senate action sent to the House.

  4. Dec 6, 2022Floor

    Passed Senate with an amendment by Unanimous Consent. (text of amendment in the nature of a substitute: CR S7004)

  5. Dec 6, 2022Floor17000

    Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.

  6. Dec 6, 2022Floor

    Measure laid before Senate by unanimous consent. (consideration: CR S7003-7004)

  7. Dec 6, 2022Discharge

    Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.

    Banking, Housing, and Urban Affairs Committee
  8. Dec 6, 2022Committee14500

    Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.

    Banking, Housing, and Urban Affairs Committee
  9. Nov 4, 2021IntroReferral

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  10. Nov 4, 2021IntroReferral10000

    Introduced in Senate

Passed SenateDec 6, 202255

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.

Introduced in SenateNov 4, 2021

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.

Registration for Index-Linked Annuities Act — Informed