Bill to kill SEC’s RILA registration system puzzles many, faces little hope of passage

October 16, 2024 by Doug Bailey

A Republican Congressman’s bill to kill the SEC’s new registration system for index-linked (RILA) and market value adjustment annuities (MVA) perplexed industry groups and consumer advocates who strongly supported the rule.

Rep. Gary Palmer, R-Ala., introduced House Joint Resolution 209, which would express congressional disapproval of the new RILA and MVA registration regulations. Adoption of the resolution would overturn the new regulations that were invoked in July.

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Originally Posted at InsuranceNewsNet on October 16, 2024 by Doug Bailey.