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Easier Registration for Index-Linked Annuities

New rules aim to simplify the registration process for insurance companies offering special retirement products tied to stock market indexes. This means citizens may have easier access to information about these products, helping them make informed financial decisions about their future savings.
Key points
The Securities and Exchange Commission (SEC) will create a new, simpler form for registering index-linked annuities.
The goal is to ensure purchasers receive clear and understandable information about these products to make informed decisions.
If the SEC fails to prepare the form on time, companies can use an existing form, ensuring continued access to these products.
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Status:
Expired
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Additional Information
Print number: 117_S_3198
Sponsor: Sen. Smith, Tina [D-MN]
Process start date: 2021-11-04
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Registration for Index-Linked Annuities Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3198.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-11-04.

What are the main provisions?

Key points include:

  • The Securities and Exchange Commission (SEC) will create a new, simpler form for registering index-linked annuities.
  • The goal is to ensure purchasers receive clear and understandable information about these products to make informed decisions.
  • If the SEC fails to prepare the form on time, companies can use an existing form, ensuring continued access to these products.
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 Sen. Smith, Tina [D-MN].

What is the latest detailed status?

The latest detailed status is: Passed Senate with an amendment by Unanimous Consent. (text of amendment in the nature of a substitute: CR S7004)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

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