To direct the Secretary of the Treasury to modify Treasury Regulations relating to insurance-dedicated exchange-traded funds.

Summary

This bill requires the Department of the Treasury, within five years of the enactment of this bill, to modify its regulations relating to Income Tax; Diversification Requirements for Variable Annuity, Endowment, and Life Insurance Contracts to facilitate the use of exchange-traded funds as investment options under certain variable contracts. An exchange-traded fund means a regulated investment company, partnership, or trust (1) that is registered with the Securities and Exchange Commission as an open-end investment company or a unit investment trust, (2) the shares of which can be directly purchased or redeemed only by an authorized participant (i.e., a financial institution that is a member or participant of a registered clearing agency), and (3) the shares of which are traded throughout the day on a national stock exchange at market prices that may or may not be the same as the net asset value of the shares.

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Timeline

1. 30 April 2021

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 30 April 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 April 2021

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 30 April 2021 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 30 April 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 30 April 2021

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 30 April 2021

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Wenstrup, Brad R. [R-OH-2] · R · Sponsor
• Rep. Suozzi, Thomas R. [D-NY-3] · D · Sponsor
• · hswm00 · Standing

Related records

• related to ← Securing a Strong Retirement Act of 2022
• related to ← Retirement Security and Savings Act of 2021
• related to ← EARN Act