U.S. Congress legislation · 119th Congress
HB10234: CLEAR Forms Act
Status: In committee, September 16, 2026
To require the Securities and Exchange Commission to create forms for non-variable registered annuities and life insurance products, and for other purposes.
What the bill says
To require the Securities and Exchange Commission to create forms for non-variable registered annuities and life insurance products, and for other purposes.
From the introduced text, September 2, 2026:
A BILL To require the Securities and Exchange Commission to create forms for non-variable registered annuities and life insurance products, and for other purposes. SECTION 1. Short title This Act may be cited as the Consumer-Led Enhancement of Annuity and Insurance Registration Forms Act or the CLEAR Forms Act . SECTION 2. Registration forms for RILU, CDA, and other registered non-variable insurance contracts (a) In general The Securities Act of 1933 ( 15 U.S.C. 77a et seq. ) is amended by adding at the end the following: SECTION 6A. Registration forms for RILU, CDA, and other registered non-variable insurance contracts (a) Definitions In this (B) that is registered, or that a person seeks to register, with the Commission under this Act; (C) that is issued by an insurance company; (D) that is not issued by an investment company; and (E) that establishes a life insurer's obligation to make periodic payments for an annuitant's lifetime at the time designated investments, which are not owned or held by the insurer, are depleted to a contractually defined amount due to-- (i) contractually permitted withdrawals; (ii) market performance; (iii) fees or other charges; or (iv) any other contractually permitted triggering event or transaction. (2) Covered insurance contract The term covered insurance contract means any-- (A) contingent deferred annuity; (B) registered index-linked life insurance; or …
Sponsors
- Zachary Nunn (R, 3) · primary sponsor
- Brittany Pettersen (D, HD-007)
- Scott Fitzgerald (R, HD-005)
Latest actions
- : Ordered to be Reported (Amended) by the Yeas and Nays: 42 - 7.
- : Committee Consideration and Mark-up Session Held
- : Referred to the House Committee on Financial Services.
- : Introduced in House
Subjects: Consumer affairs, Administrative law and regulatory procedures, Securities, Insurance industry and regulation, Licensing and registrations, Finance and Financial Sector, Securities and Exchange Commission (SEC), Life, casualty, property insurance
Common questions
- What is HB10234?
- HB10234 is a bill in Congress (119th Congress): CLEAR Forms Act.
- What does HB10234 do?
- In its own words: To require the Securities and Exchange Commission to create forms for non-variable registered annuities and life insurance products, and for other purposes.
- What is the status of HB10234?
- In committee as of September 16, 2026. Latest action: Ordered to be Reported (Amended) by the Yeas and Nays: 42 - 7. (September 16, 2026).
- Who sponsored HB10234?
- Zachary Nunn (R, 3), with 2 co-sponsors.
- Where is the official record for HB10234?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10234
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.