Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Registration for Index-Linked Annuities and Registered Market Value Adjustment Annuities; Amendments To Form N-4 for Index-Linked Annuities, Registered Market Value Adjustment Annuities, and Variable Annuities; Other Technical Amendments".
HJRES 209 is a congressional disapproval resolution targeting an SEC rule about annuity registration. It seeks to block the Securities and Exchange Commission’s July 2024 rule (89 Fed. Reg. 59978), which updated registration requirements for index-linked annuities and related products. If approved, this resolution would prevent the SEC rule from taking effect, directly affecting insurers and financial firms that sell these annuities. The resolution uses standard Chapter 8 procedures under Title 5 of U.S. Code to halt the rule without altering the underlying regulations.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2024
Committee Review
Floor Vote
President
Introduced Sep 25, 2024
Last action Sep 25, 2024
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Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Sep 25, 2024
Committee
Referred to the House Committee on Financial Services.
lower
Sep 25, 2024
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Gary J. Palmer
RRepublican
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