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Facilitating ETF Use in Variable Insurance Contracts

This bill aims to modify tax regulations to make it easier for Exchange-Traded Funds (ETFs) to be included as investment options within variable insurance contracts. This could provide citizens with a broader range of investment choices for their insurance products, potentially impacting the flexibility and performance of their savings.
Key points
Expanding investment options to include ETFs within variable life insurance and annuity contracts.
Allowing authorized participants and market makers to hold beneficial interests in ETFs without affecting their tax status.
Establishing clear definitions for ETFs, authorized participants, and market makers within tax regulations.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_2951
Sponsor: Rep. Wenstrup, Brad R. [R-OH-2]
Process start date: 2021-04-30
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To direct the Secretary of the Treasury to modify Treasury Regulations relating to insurance-dedicated exchange-traded funds.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2951.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-30.

What are the main provisions?

Key points include:

  • Expanding investment options to include ETFs within variable life insurance and annuity contracts.
  • Allowing authorized participants and market makers to hold beneficial interests in ETFs without affecting their tax status.
  • Establishing clear definitions for ETFs, authorized participants, and market makers within tax regulations.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Wenstrup, Brad R. [R-OH-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Economy