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):

Insurance.

State governments.

Tax incentives.

Physical Description:

1 online resource (15 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2010.

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. Analyzes arguments against SEC rule; and summarizes related legislation introduced in the 111th Congress, including H.R. 2733 and S. 1389, both the Fixed Indexed Annuities and Insurance Products Classification Act of 2009; H.R. 4173, the Wall Street Reform and Consumer Protection Act; and S. 3217, the Restoring American Financial Stability Act.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Sept. 2012). 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.