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United States · Bill · S

S. 3198 (117th)

Registration for Index-Linked Annuities Act

openUnited States· United States Congress· EN

Introduced

4 November 2021

Last action

7 December 2022 · Floor

Status

Held at the desk.

Sponsors

Sen. Smith, Tina [D-MN], Sen. Tillis, Thomas [R-NC], Sen. Van Hollen, Chris [D-MD], Sen. Hagerty, Bill [R-TN]

Subjects

Discovery layer

Source updated

14 January 2025

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performance of a specified benchmark index or rate, and (2) may be subject to a market value adjustment if amounts are withdrawn early.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 4 November 2021

    Introduced

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

    Source: IntroReferral

  2. 4 November 2021

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 6 December 2022

    Floor

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

    Source: Floor

  4. 6 December 2022

    Passed

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

    Source: Floor

  5. 6 December 2022

    Discharge

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

    Source: Discharge

  6. 6 December 2022

    Committee

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

    Source: Committee

  7. 7 December 2022

    Floor

    Held at the desk.

    Source: Floor

  8. 7 December 2022

    Floor

    Received in the House.

    Source: Floor

  9. 7 December 2022

    Floor

    Message on Senate action sent to the House.

    Source: Floor

Votes

No vote records are attached yet.

Versions

Documents

6 official files

Engrossed in Senate (text)

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Leesvertaling

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  • Engrossed in Senate (text)

    Engrossed in Senate · EN · 6 December 2022

    ViewDownloadOpen at official source

  • Engrossed in Senate (PDF)

    Engrossed in Senate · EN · 6 December 2022

    ViewDownloadOpen at official source

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  • Passed Senate

    summary · EN · 6 December 2022

    Open at official source

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 4 November 2021

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 4 November 2021

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  • Introduced in Senate

    summary · EN · 4 November 2021

    Open at official source

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Sponsors

Related records

Sources

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