Indexed Annuity Provision Back In Play

Supporters of state regulation of equity indexed annuities have renewed efforts to get a provision into H.R. 4173 that would bar the U.S. Securities and Exchange Commission from regulating the product.

Supporters’ efforts surfaced when the Consumer Federation of America, Washington, and Fund Democracy, Oxford, Miss., wrote a letter objecting to the initiative to members of the H.R. 4173 conference committee.

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