Requires the Securities and Exchange Commission to create standard registration forms for registered index-linked life insurance, contingent deferred annuities, and similar non-variable insurance contracts so buyers can compare them more easily.

Official title: CLEAR Forms Act

Next stop House floor: awaiting a vote

Timeline each lane is a chamber; dates pull from congress.gov actions

House

Introduced 02-SEP-2026

Referred 02-SEP-2026

Approved by committee 16-SEP-2026

Key points

Directs the SEC to propose rules within 12 months after the date of enactment and finalize them within 30 months
Requires forms designed so purchasers get the information needed to make informed decisions, with investor testing for contingent deferred annuities
Limits insurer disclosures to those already required by SEC forms 239.17b and 239.17c and keeps existing registration fee and exemption rules available
Allows issuers to register these products on forms 239.17b and 239.17c if the SEC has not finalized its rules within 30 months

AI-generated from the Introduced in House text of 02-SEP-2026 · verify · report an error

Official CRS summary

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Committee referrals (1)

Policy area

Finance and Financial Sector

Sponsor Zachary Nunn (R-IA) Cosponsors · 2

■ 1 R■ 1 D

1 Republican

1 Democrat

congress.gov page Introduced in House (02-SEP-2026)