Senate Passes RILA Annuity Bill

December 13, 2022 by Melanie Waddell

The full Senate late Tuesday passed S. 3198, the Registered Index-Linked Annuities Act, which directs the Securities and Exchange Commission to develop a registration form designed for RILA products within 18 months after enactment of the act.

The House Financial Services Committee approved companion legislation H.R. 4865, the Registration for Index-Linked Annuities Act, on July 28 by a unanimous vote.

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Originally Posted at ThinkAdvisor on December 7, 2022 by Melanie Waddell.