US HB2733 | 2009-2010 | 111th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on June 4 2009 - 25% progression, died in committee
Action: 2009-06-04 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Fixed Indexed Annuities and Insurance Products Classification Act of 2009 - Amends the Securities Act of 1933 to include within the class of securities exempt from its coverage any insurance or endowment policy or annuity contract or optional annuity contract: (1) whose value does not vary according to the performance of a separate account; and (2) which satisfies standard nonforfeiture laws or similar requirements of the applicable state, Territory, or District of Columbia at time of issue or, in the absence of applicable standard nonforfeiture laws or requirements, satisfies the Model Standard Nonforfeiture Law for Life Insurance or Model Standard Nonforfeiture Law for Individual Deferred Annuities, or any successor model law, as published by the National Association of Insurance Commissioners. Declares without force or effect Rule 151A promulgated by the Securities and Exchange Commission (SEC) on January 16, 2009, and entitled "Indexed Annuities and Certain Other Insurance Contracts."

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Fixed Indexed Annuities and Insurance Products Classification Act of 2009

Sponsors

Rep. Steve Austria [R-OH]Rep. Joe Baca [D-CA]Rep. Michele Bachmann [R-MN]Rep. Shelley Berkley [D-NV]
Sen. Marsha Blackburn [R-TN]Rep. Jo Bonner [R-AL]Sen. John Boozman [R-AR]Rep. Leonard Boswell [D-IA]
Rep. Kevin Brady [R-TX]Rep. Bruce Braley [D-IA]Rep. Vern Buchanan [R-FL]Rep. Dan Burton [R-IN]
Rep. Travis Childers [D-MS]Rep. Lacy Clay [D-MO]Rep. Emanuel Cleaver [D-MO]Rep. Howard Coble [R-NC]
Rep. John Culberson [R-TX]Rep. Steve Driehaus [D-OH]Rep. Brad Ellsworth [D-IN]Rep. Chaka Fattah [D-PA]
Rep. Virginia Foxx [R-NC]Rep. Marcia Fudge [D-OH]Rep. Scott Garrett [R-NJ]Rep. Jim Gerlach [R-PA]
Rep. Gregg Harper [R-MS]Rep. Lynn Jenkins [R-KS]Rep. Eddie Johnson [D-TX]Rep. Henry Johnson [D-GA]
Rep. Sam Johnson [R-TX]Rep. Carolyn Kilpatrick [D-MI]Rep. Mary Kilroy [D-OH]Rep. Ron Kind [D-WI]
Rep. Steve King [R-IA]Rep. Larry Kissell [D-NC]Rep. Ron Klein [D-FL]Rep. John Kline [R-MN]
Rep. Suzanne Kosmas [D-FL]Rep. Frank Kratovil [D-MD]Rep. Leonard Lance [R-NJ]Rep. Tom Latham [R-IA]
Rep. Steven LaTourette [R-OH]Rep. David Loebsack [D-IA]Rep. Blaine Luetkemeyer [R-MO]Rep. Stephen Lynch [D-MA]
Rep. Kenny Marchant [R-TX]Rep. Michael McCaul [R-TX]Rep. Tom McClintock [R-CA]Rep. Thaddeus McCotter [R-MI]
Rep. Cathy McMorris Rodgers [R-WA]Rep. Gregory Meeks [D-NY]Rep. Candice Miller [R-MI]Rep. Walter Minnick [D-ID]
Sen. Jerry Moran [R-KS]Rep. Patrick Murphy [R-PA]Rep. Tim Murphy [R-PA]Rep. Sue Myrick [R-NC]
Rep. Randy Neugebauer [R-TX]Rep. Ron Paul [R-TX]Rep. Erik Paulsen [R-MN]Sen. Gary Peters [D-MI]
Rep. Todd Platts [R-PA]Rep. Earl Pomeroy [D-ND]Rep. Bill Posey [R-FL]Rep. Tom Price [R-GA]
Rep. Nick Rahall [D-WV]Rep. Laura Richardson [D-CA]Rep. Dana Rohrabacher [R-CA]Rep. Thomas Rooney [R-FL]
Rep. Mike Ross [D-AR]Rep. C.A. Ruppersberger [D-MD]Rep. Allyson Schwartz [D-PA]Rep. David Scott [D-GA]
Rep. James Sensenbrenner [R-WI]Rep. Pete Sessions [R-TX]Rep. John Shadegg [R-AZ]Rep. Heath Shuler [D-NC]
Rep. Lamar Smith [R-TX]Rep. Lee Terry [R-NE]Rep. Bennie Thompson [D-MS]Rep. Mac Thornberry [R-TX]
Rep. Todd Tiahrt [R-KS]Rep. Patrick Tiberi [R-OH]Rep. Dina Titus [D-NV]Rep. Zach Wamp [R-TN]
Sen. Peter Welch [D-VT]Rep. Lynn Westmoreland [R-GA]Rep. Charles Wilson [D-OH]Rep. Robert Wittman [R-VA]

History

DateChamberAction
2009-06-04 Referred to the House Committee on Financial Services.

Same As/Similar To

SB1389 (Same As) 2009-06-25 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Subjects


US Congress State Sources


Bill Comments

feedback