S 3198 United States Senate · 117th Congress

Registration for Index-Linked Annuities Act

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 is 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performance of a specified benchmark index or rate, and (2) may be subject to a market value adjustment if amounts are withdrawn early.
Bill status passed 3 of 5 stages cleared
Introduction
Nov 2021
Committee Review
Dec 2022
Senate Passage
Dec 2022
House Passage
President
Introduced Nov 4, 2021 Last action Dec 7, 2022
Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history

Actions timeline

Total actions
9
Key actions
3
Committee
2
Dec 6, 2022
Upper · Passed
Passed Senate with an amendment by Unanimous Consent. (text of amendment in the nature of a substitute: CR S7004)
upper
Dec 6, 2022
Upper · Passed
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
upper
Dec 6, 2022
Upper · Passed
Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
upper
Nov 4, 2021
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Nov 4, 2021
Introduced
Introduced in Senate
upper
1 primary · 3 co-sponsors

Sponsors