{"id":7303,"date":"2009-06-30T19:53:26","date_gmt":"2009-07-01T00:53:26","guid":{"rendered":"http:\/\/www.annuityfyi.com\/blog\/?p=115"},"modified":"2023-02-15T06:07:47","modified_gmt":"2023-02-15T06:07:47","slug":"fixed-indexed-annuities-get-more-attention-in-washington","status":"publish","type":"post","link":"https:\/\/www.annuityfyi.com\/blog\/2009\/06\/fixed-indexed-annuities-get-more-attention-in-washington\/","title":{"rendered":"Fixed Index Annuities Get More Attention in Washington"},"content":{"rendered":"<p>S.1389 is a bill that Senator Bill Nelson (D-NE) and his cosponsors Senators Saxby Chambliss (R-GA), Tom Harkin (D-IA), and Sam Brownback (R-KS) have introduced as a companion to the Meeks-Price Bill previously mentioned on this blog.&nbsp; This bill is backed by the Coalition for Indexed Products, according to PR Newswire via Marketwatch.com.&nbsp; &#8220;S.1389 seeks to clarify the exemption from certain <a title=\"Home Page\" href=\"https:\/\/www.annuityfyi.com\" target=\"_blank\" rel=\"noopener\">annuity<\/a> contracts and insurance policies from Federal regulation under the Securities Act of 1933.&#8221; The House and the Senate bills desire to overturn the SEC&#8217;s new rule reclassifying fixed indexed annuities as securities so the SEC can regulate them.<\/p>\n<p>Since <a title=\"Fixed Annuities\" href=\"https:\/\/www.annuityfyi.com\/fixed-annuities\/\" target=\"_blank\" rel=\"noopener\">fixed indexed annuities<\/a> are already being regulated by commissioners in each state, Jim Poolman of the Coalition for Indexed Products points out that this SEC rule will cause double regulation.&nbsp; Poolman also states that difficulties will arise for the middle class purchasers because of this duplication.&nbsp; There may be additional cosponsors to this bill from both sides of the aisle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.1389 is a bill that Senator Bill Nelson (D-NE) and his cosponsors Senators Saxby Chambliss (R-GA), Tom Harkin (D-IA), and Sam Brownback (R-KS) have introduced as a companion to the Meeks-Price Bill previously mentioned on this blog.&nbsp; This bill is backed by the Coalition for &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Fixed Index Annuities Get More Attention in Washington\" class=\"read-more button\" href=\"https:\/\/www.annuityfyi.com\/blog\/2009\/06\/fixed-indexed-annuities-get-more-attention-in-washington\/#more-7303\" aria-label=\"Read more about Fixed Index Annuities Get More Attention in Washington\">Read more<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34,88,164],"tags":[54,202,39,412],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts\/7303"}],"collection":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/comments?post=7303"}],"version-history":[{"count":2,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts\/7303\/revisions"}],"predecessor-version":[{"id":27569,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/posts\/7303\/revisions\/27569"}],"wp:attachment":[{"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/media?parent=7303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/categories?post=7303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.annuityfyi.com\/wp-json\/wp\/v2\/tags?post=7303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}