The Trump administration is preparing to release a major tax reform proposal this week. That proposal could contain provisions with all manner of good, bad and indifferent effects on annuity issuers, annuity users and annuity buyers, whether or not the provisions contain a single direct reference to the word "annuity."
Congress, meanwhile, already has 45 bills that do refer directly to annuities under consideration. Some of those bills deal with post-retirement benefits for military veterans, U.S. Postal Service workers or other government workers, not the kinds of commercial annuities that would interest an insurance agent or advisor. Many of the remaining bills are twins of other bills: the House companion of a Senate bill, or the Senate companion of a House bill.
We came up with a quick-and-dirty six interesting annuity bills to watch by searching the Congress.gov legislation database for current House bills that refer to "annuity" or "annuities." We filtered out the military benefits and Postal Service benefits bills, then ranked the results in terms of legislative action intensity.
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Allison Bell
Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.
