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

Summary

This bill directs the Department of the Treasury to modify certain regulations relating to insurance-dedicated exchange-traded funds. An exchange-traded fund is 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 purchased or redeemed directly from the fund 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. 5 May 2020

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 5 May 2020

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 May 2020

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 5 May 2020 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 May 2020

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 5 May 2020

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 5 May 2020

  Open at official source

Sponsors

• Brad Wenstrup · R · Sponsor
• John Larson · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → Retirement Security and Savings Act of 2019