Securities and Exchange Commission Rule 151A and Annuities : Issues and Legislation.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Finance--Law and legislation.

Finance.

Insurance.

Securities.

Physical Description:

1 online resource (13 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2009.

System Details:

text file

Summary:

Explains different types of annuities, reviews taxation advantages of annuities, and addresses Federal and State roles in regulation of annuities. Outlines SEC-approved rule 151A, to reclassify equity-indexed annuities to be a security product as well as being an insurance product for tax purposes, and thus expand SEC oversight over these annuities. Summarizes legislation introduced to overturn the SEC action, focusing on H.R. 2733 and S. 1389, both the Fixed Indexed Annuities and Insurance Products Classification Act of 2009.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Securities and Exchange Commission Rule 151A and Annuities

Access Restriction:

Restricted for use by site license.