,,ii  #aafth ,,congress  #b;d ,session  
,s4 #cgie  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #ba1      
#bjbj,ms4 ,smith 7for herself and ,mr4  
,tillis7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,banking1 ,housing1 and  
,urban ,affairs  ,a ,,bill  ,to direct  
the ,securities and ,exchange           
,commission to revise any rules         
necessary to enable issuers of          
index-linked annuities to use the       
securities offering forms that are      
available to other issuers of securities
  #a4 ,short title ,this ,act may be    
cited as the ,registration for ,index   
,linked ,annuities ,act of #bjbj4  #b4  
,parity for registered index linked     
annuities regarding registration rules  
7a7 ,definition ,in this section1 the   
term registered index linked annuity    
means an annuity that-- 7#a7 is deemed a
 security2  7#b7 is required to be      
registered with the ,securities and     
,exchange ,commission2  7#c7 that is    

issued by an insurance company that is  
subject to the supervision of the       
insurance commissioner of the applicable
 ,state2  7#d7 is not issued by an      
investment company2 and  7#e7 the       
returns of which-- 7,a7 are based on the
 performance of a specified index rate  
or other financial tracking vehicle2    
7,b7 are subject to a modification of   
positive and negative returns by a      
financial calculation mechanism2 and    
7,c7 may be subject to a market value   
adjustment if amounts are withdrawn     
prior to the end of the period during   
which such adjustment applies4  7b7     
,revision to rules ,not later than the  
end of the #ahj-;day period beginning on
 the date of enactment of this ,act1 the
 ,securities and ,exchange ,commission  
shall propose and1 not later than #a    
year after the date of enactment of this
 ,act1 the ,commission shall prepare and
 finalize any new or amended rules1 as  
appropriate1 to establish a new form on 
which an issuer of a registered index   

linked annuity may register such        
registered index linked annuity1 subject
 to conditions the ,commission          
determines appropriate4 ,any action that
 the ,securities and ,exchange          
,commission takes pursuant to this      
subsection shall consider the           
availability of information to          
investors4  7c7 ,treatment if revisions 
not completed in a timely manner ,if the
 ,securities and ,exchange ,commission  
fails to complete the revisions required
 by subsection 7b7 by the time required 
by such subsection1 any registered index
 linked annuity may be registered on the
 form described in section #bci4ag;b of 
title #ag1 ,code of ,federal            
,regulations4 ,such registration shall  
be prepared pursuant to applicable      
provisions of the form4  7d7 ,rule of   
construction ,nothing in this ,act shall
 be construed to limit the authority of 
the ,securities and ,exchange           
,commission to determine the information
 to be requested in the form described  

in subsection 7b74