01.06.25
Four Bills That Could Boost Annuities in 2025
by: Melanie Waddell
Annuity bills in play during the 2023-2024 session of Congress may continue to gain traction moving into the new session. Among the proposals are S. 4917/H.R. 3063, which changes securities laws that apply to variable annuity products offered through unregistered insurance company separate accounts, making them more cost-efficient for 403(b) plan participants to invest in. Meanwhile, H.R. 3942 aims to broaden the use of lifetime income products as default investment options by eliminating a barrier in current U.S. Labor Department regulations.
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