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     &lt;p&gt;This bill requires the Department of the Treasury, within five years of the enactment of this bill, to modify its regulations relating to&lt;em&gt; Income Tax; Diversification Requirements for Variable Annuity, Endowment, and Life Insurance Contracts&lt;/em&gt; to facilitate the use of exchange-traded funds as investment options under certain variable contracts.&lt;/p&gt; &lt;p&gt; An&lt;em&gt; exchange-traded fund&lt;/em&gt; means a regulated investment company, partnership, or trust (1) that is registered with the Securities and Exchange Commission as an open-end investment company or a unit investment trust, (2) the shares of which can be directly purchased or redeemed only by an authorized participant (i.e., a financial institution that is a member or participant of a registered clearing agency), and (3) the shares of which are traded throughout the day on a national stock exchange at market prices that may or may not be the same as the net asset value of the shares.&lt;/p&gt;
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   To direct the Secretary of the Treasury to modify Treasury Regulations relating to insurance-dedicated exchange-traded funds.
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H11100
2021-04-30
Ways and Means Committee
hswm00
2
House floor actions
Referred to the House Committee on Ways and Means.
IntroReferral
Intro-H
2021-04-30
9
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Introduced in House
IntroReferral
1000
2021-04-30
9
Library of Congress
Introduced in House
IntroReferral
2021-04-30T13:05:10Z
Referred to
House
Ways and Means Committee
hswm00
Standing
S001201
3
Thomas
Rep. Suozzi, Thomas R. [D-NY-3]
Suozzi
R.
D
2021-04-30
NY
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-04-30
2021-04-30
Referred to the House Committee on Ways and Means.
House
Taxation
2022-03-30
Received in the Senate and Read twice and referred to the Committee on Finance.
CRS
Related bill
Securing a Strong Retirement Act of 2021
HR
2021-05-20
Read twice and referred to the Committee on Finance.
CRS
Related bill
Retirement Security and Savings Act of 2021
S
2022-09-08
Placed on Senate Legislative Calendar under General Orders. Calendar No. 480.
CRS
Related bill
EARN Act
S
W000815
2
Brad
Rep. Wenstrup, Brad R. [R-OH-2]
N
Wenstrup
R.
R
OH
Administrative law and regulatory procedures Department of the Treasury Financial services and investments Insurance industry and regulation Life, casualty, property insurance Securities
2021-04-30
Introduced in House
 <p>This bill requires the Department of the Treasury, within five years of the enactment of this bill, to modify its regulations relating to<em> Income Tax; Diversification Requirements for Variable Annuity, Endowment, and Life Insurance Contracts</em> to facilitate the use of exchange-traded funds as investment options under certain variable contracts.</p> <p> An<em> exchange-traded fund</em> means a regulated investment company, partnership, or trust (1) that is registered with the Securities and Exchange Commission as an open-end investment company or a unit investment trust, (2) the shares of which can be directly purchased or redeemed only by an authorized participant (i.e., a financial institution that is a member or participant of a registered clearing agency), and (3) the shares of which are traded throughout the day on a national stock exchange at market prices that may or may not be the same as the net asset value of the shares.</p>
2021-10-12T16:50:15Z
00
2021-04-30T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr2951ih/xml/BILLS-117hr2951ih.xml
To direct the Secretary of the Treasury to modify Treasury Regulations relating to insurance-dedicated exchange-traded funds.
To direct the Secretary of the Treasury to modify Treasury Regulations relating to insurance-dedicated exchange-traded funds.
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Introduced in House
To direct the Secretary of the Treasury to modify Treasury Regulations relating to insurance-dedicated exchange-traded funds.
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HR
2023-03-08T20:26:34Z
2023-03-08T20:26:34Z
3.0.0
2022-03-30
Received in the Senate and Read twice and referred to the Committee on Finance.
CRS
Related bill
Securing a Strong Retirement Act of 2021
HR
2021-05-20
Read twice and referred to the Committee on Finance.
CRS
Related bill
Retirement Security and Savings Act of 2021
S
2022-09-08
Placed on Senate Legislative Calendar under General Orders. Calendar No. 480.
CRS
Related bill
EARN Act
S
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2021-04-30
Ways and Means Committee
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Referred to the House Committee on Ways and Means.
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2021-04-30
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2021-04-30
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Rep. Wenstrup, Brad R. [R-OH-2]
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Rep. Suozzi, Thomas R. [D-NY-3]
Suozzi
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D
2021-04-30
NY
Administrative law and regulatory procedures Department of the Treasury Financial services and investments Insurance industry and regulation Life, casualty, property insurance Securities
2021-04-30
Introduced in House
 <p>This bill requires the Department of the Treasury, within five years of the enactment of this bill, to modify its regulations relating to<em> Income Tax; Diversification Requirements for Variable Annuity, Endowment, and Life Insurance Contracts</em> to facilitate the use of exchange-traded funds as investment options under certain variable contracts.</p> <p> An<em> exchange-traded fund</em> means a regulated investment company, partnership, or trust (1) that is registered with the Securities and Exchange Commission as an open-end investment company or a unit investment trust, (2) the shares of which can be directly purchased or redeemed only by an authorized participant (i.e., a financial institution that is a member or participant of a registered clearing agency), and (3) the shares of which are traded throughout the day on a national stock exchange at market prices that may or may not be the same as the net asset value of the shares.</p>
2021-10-12T16:50:15Z
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To direct the Secretary of the Treasury to modify Treasury Regulations relating to insurance-dedicated exchange-traded funds.
To direct the Secretary of the Treasury to modify Treasury Regulations relating to insurance-dedicated exchange-traded funds.
Display Title
IH
Introduced in House
To direct the Secretary of the Treasury to modify Treasury Regulations relating to insurance-dedicated exchange-traded funds.
Official Title as Introduced
2021-04-30
Referred to the House Committee on Ways and Means.