SEC would set standard disclosure forms for annuity-linked insurance products
In markupH.R. 10234Latest action
Sponsor: Zachary Nunn · Representative · IA
AIDecoded by AI · checked against the recordRead the official text
Official title: CLEAR Forms Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
The plain-language version comes first. The official text is always the reference.
The CLEAR Forms Act requires the SEC to standardize disclosure forms for certain registered annuity and insurance products.
40-second read · 4 questions answered below
What does this do?
This bill directs the SEC to create standardized registration forms for insurance and annuity products sold as securities, including contingent deferred annuities and registered index-linked life insurance. The SEC must propose rules within one year and finalize them within 30 months, testing forms with real investors before completion.
Who does it affect?
Insurance companies that sell these registered annuity and life insurance products must adopt the new forms. Consumers who purchase these financial products are also affected, as are state insurance regulators, whose rules remain unchanged.
Why does it matter?
Insurers will eventually need to update their paperwork and compliance processes to match new federal form requirements. Consumers will encounter different disclosure documents when purchasing these products, though state insurance rules continue to apply alongside the new federal forms.
AI-drafted summary. Check it against the official text before you act on it.
Based on the “Introduced in House” text of Sep 2, 2026.
After that text, a committee agreed on Sep 16, 2026 to send the bill to the full chamber with changes. This plain-language version may not reflect them.
Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedSep 2, 2026
- House committeeYou are here · Sep 16, 2026
- House vote
- Senate
- The president's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Ordered to be Reported (Amended) by the Yeas and Nays: 42 - 7.