3.0.0 3795 2023-01-11T13:42:38Z 2023-01-11T13:42:38Z Senate S 2020-05-21 116 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2020-05-21T16:51:11Z Registration for Index-Linked Annuities Act 116 6994 HR 2020-05-22 Referred to the House Committee on Financial Services. Related bill CRS 2020-05-21 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2020-05-21 Introduced in Senate IntroReferral 10000 9 Library of Congress S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN N T000476 Sen. Tillis, Thomas [R-NC] Thomas Tillis R NC Roland 2020-05-21 True Finance and Financial Sector Finance and Financial Sector 00 2020-05-21 Introduced in Senate 2020-08-28T16:21:02Z Registration for Index-Linked Annuities Act of 2020

This bill requires the Securities and Exchange Commission (SEC) to create a new form for the registration of index linked annuities.

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 index rate or other financial tracking vehicle, (2) are subject to modification by a financial calculation mechanism, and (3) may be subject to a market value adjustment if amounts are withdrawn early.

]]> Registration for Index Linked Annuities Act of 2020 Display Title Registration for Index Linked Annuities Act of 2020 Short Title(s) as Introduced Registration for Index Linked Annuities Act of 2020 Introduced in Senate IS Official Title as Introduced A bill to direct the Securities and Exchange Commission to revise any rules necessary to enable issuers of index-linked annuities to use the securities offering forms that are available to other issuers of securities. Introduced in Senate IS Introduced in Senate 2020-05-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s3795is/xml/BILLS-116s3795is.xml 2020-05-21 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.