116-hr-6994116th Congress

Registration for Index-Linked Annuities Act

Sponsored By: Representative Phillips, Dean [D-MN-3]

Unknown

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. 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 index rate or other financial tracking vehicle, (2) are subject to modification by a financial calculation mechanism, and (3) may be subject to a market value adjustment if amounts are withdrawn early.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Phillips, Dean [D-MN-3]

MN • D

Cosponsors

  • Rep. Stivers, Steve [R-OH-15]

    OH • R

    Sponsored 5/22/2020

  • Rep. Huizenga, Bill [R-MI-4]

    MI • R

    Sponsored 6/15/2020

  • Rep. Foster, Bill [D-IL-11]

    IL • D

    Sponsored 6/24/2020

  • Rep. Mooney, Alexander X. [R-WV-2]

    WV • R

    Sponsored 7/1/2020

  • Rep. Hollingsworth, Trey [R-IN-9]

    IN • R

    Sponsored 7/13/2020

  • Rep. Perlmutter, Ed [D-CO-7]

    CO • D

    Sponsored 7/20/2020

  • Rep. Heck, Denny [D-WA-10]

    WA • D

    Sponsored 7/20/2020

  • Rep. Rouda, Harley [D-CA-48]

    CA • D

    Sponsored 8/22/2020

  • Rep. Sherman, Brad [D-CA-32]

    CA • D

    Sponsored 9/29/2020

  • Rep. Wagner, Ann [R-MO-2]

    MO • R

    Sponsored 12/10/2020

Roll Call Votes

No roll call votes available for this bill.

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