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Senate bill S3198-117

Banking, Housing, and Urban Affairs Committee

Registration for Index-Linked Annuities Act

• Last activity on Dec 07, 2022

• Introduced Nov 04, 2021

• By Sen. Smith, Tina [D-MN]

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Main Subject: Finance and financial sector

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performance of a specified benchmark index or rate, and (2) may be subject to a market value adjustment if amounts are withdrawn early.

Categories

Performance measurement Securities Licensing and registrations Insurance industry and regulation Interest, dividends, interest rates Securities and Exchange Commission (SEC) Interest dividends interest rates Finance and financial sector

House floor actions Actions

Floor
Dec. 07 2022	Held at the desk. Received in the House.

Senate Actions

Floor
Dec. 07 2022	Message on Senate action sent to the House.
Dec. 06 2022	Passed Senate with an amendment by Unanimous Consent. (text of amendment in the nature of a substitute: CR S7004) Measure laid before Senate by unanimous consent. (consideration: CR S7003-7004)

Discharge
Dec. 06 2022	Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.

IntroReferral
Nov. 04 2021	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Library of Congress Actions

Floor
Dec. 06 2022	Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.

Committee
Dec. 06 2022	Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.

IntroReferral
Nov. 04 2021	Introduced in Senate

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