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Congressional Disapproval of SEC Rules on Index-Linked and Variable Annuities

The U.S. Congress is considering disapproving new Securities and Exchange Commission (SEC) rules regarding the registration and form amendments for index-linked and variable annuities. If Congress approves this disapproval, the original SEC rules will not take effect, meaning the regulations for these financial products will remain unchanged. This could impact how companies offer these products and how citizens acquire them.
Key points
Congress aims to block new SEC rules on index-linked and variable annuities.
If Congress disapproves, there will be no changes to how these financial products are registered and offered.
This decision may affect the availability and terms of certain retirement products.
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Expired
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Additional Information
Print number: 118_HJRES_209
Sponsor: Rep. Palmer, Gary J. [R-AL-6]
Process start date: 2024-09-25
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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".

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HJRES_209.

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 2024-09-25.

What are the main provisions?

Key points include:

  • Congress aims to block new SEC rules on index-linked and variable annuities.
  • If Congress disapproves, there will be no changes to how these financial products are registered and offered.
  • This decision may affect the availability and terms of certain retirement 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 Rep. Palmer, Gary J. [R-AL-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy