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S.1389 Fixed Indexed Annuities and Insurance Products Classification Act of 2009, 111th Congress

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Official Bill Info

  • Latest Action: Jun 25, 2009 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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    I know the most recent action for this bill is as follows: "Read twice and referred to the Committee on Banking, Housing, and Urban Affairs." on Jun 25, 2009
  • Committee Assignment: Senate Committee on Banking, Housing, and Urban Affairs

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    This bill has been assigned to the Senate Committee on Banking, Housing, and Urban Affairs committee.

Bill Statistics on OpenCongress

  • 22% of users oppose S.1389

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    22% of users on OpenCongress.org, a free, non-partisan resource, oppose S.1389.
  • S.1389 has been viewed 2,815 times

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    S.1389 has been viewed 2,815 times on OpenCongress.org, a free, non-partisan resource.
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    Most-commented sections of the bill text

    Highest Rated User Comments

    • On July 06, 2009, by wakeupamerica - This bill needs to be passed. There is no need for dual regulation for Fixed index annuities. The States Dept of Insurance has been doing a great job regulating them. The SEC can't keep watch over their own people. Good job watching over Bernie Madoff! What a joke! The bottom line is Fixed Index Annuities are Not securities. You cannot loose money, as your principal is guaranteed, plus interest earned. Consumers need safe places to put their money. I am glad to have put my retirement money into fixed annuities, and not into the market! I like knowing that I don't have to worry everyday about the downside of the market.

      Clicking this will add the following text:

      As noted by wakeupamerica, a user on OpenCongress.org, on July 06, 2009, "This bill needs to be passed. There is no need for dual regulation for Fixed index annuities. The States Dept of Insurance has been doing a great job regulating them. The SEC can't keep watch over their own people. Good job watching over Bernie Madoff! What a joke! The bottom line is Fixed Index Annuities are Not securities. You cannot loose money, as your principal is guaranteed, plus interest earned. Consumers need safe places to put their money. I am glad to have put my retirement money into fixed annuities, and not into the market! I like knowing that I don't have to worry everyday about the downside of the market."

    Highly Rated Blog Articles

    • Why during his time in the Senate did Obama sponsor so few bills ... - January 01, 2011 by Child Safety Talk - May 14, 2007 S. 1389: Climate Change Education Act Introduced May 7, 2007 S. 1324: National Low-Carbon Fuel Standard Act of 2007. Introduced May 3, 2007 S. 1306: Lead Free Toys Act of 2007. Introduced ...

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      As noted by Child Safety Talk on January 01, 2011, "May 14, 2007 S. 1389: Climate Change Education Act Introduced May 7, 2007 S. 1324: National Low-Carbon Fuel Standard Act of 2007. Introduced May 3, 2007 S. 1306: Lead Free Toys Act of 2007. Introduced ..." (http://childsafetytalk.com/why-during-his-time-in-the-senate-did-obama-sponsor-so-few-bills)
    • BVerwG 3 C 4.10 - Bundesverwaltungsgericht | Entscheidung - December 02, 2010 by RSS-Newsfeed des Bundesverwaltungsgerichts - August 1986 (BGBl I S. 1389) zurückgeht. Nach diesem § 14 Abs. 1 Satz 1 MOG a.F. waren Ansprüche auf Erstattung von besonderen Vergünstigungen - namentlich nach Rücknahme oder Widerruf des Bewilligungsbescheides (vgl. ...

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      As noted by RSS-Newsfeed des Bundesverwaltungsgerichts on December 02, 2010, "August 1986 (BGBl I S. 1389) zurückgeht. Nach diesem § 14 Abs. 1 Satz 1 MOG a.F. waren Ansprüche auf Erstattung von besonderen Vergünstigungen - namentlich nach Rücknahme oder Widerruf des Bewilligungsbescheides (vgl. ..." (http://www.bverwg.de/enid/0,c64309655f76696577092d0964657461696c093a096d6574615f6e72092d0931323332093a095f7472636964092d093133333231/Entscheidungen/Entscheidung_8n.html)
    • Why are you not voting Obama? | Black Africa - November 09, 2010 by Black Africa - 3/29/07; S. 1084, Introduced 4/10/07; S. 1151, Introduced 4/18/07; S. 1181, Introduced 4/20/07; S. 1222, Introduced 4/25/07; S. 1271, Introduced 5/2/07; S. 1306, Introduced 5/3/07; S. 1324, Introduced 5/7/07; S. 1389, Introduced 5/14/07 ...

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      As noted by Black Africa on November 09, 2010, "3/29/07; S. 1084, Introduced 4/10/07; S. 1151, Introduced 4/18/07; S. 1181, Introduced 4/20/07; S. 1222, Introduced 4/25/07; S. 1271, Introduced 5/2/07; S. 1306, Introduced 5/3/07; S. 1324, Introduced 5/7/07; S. 1389, Introduced 5/14/07 ..." (http://www.blackafrica.net/2010/11/10/why-are-you-not-voting-obama/)

    Highly Rated News Articles

    • Coalition for Indexed Products Applauds S.1389 - June 28, 2009 by PR Newswire - ...Chambliss (R-GA), Tom Harkin (D-IA), and Sam Brownback (R-KS). A companion bill to the recently-introduced Meeks-Price Bill, S.1389 seeks to clarify the exemption for certain annuity contracts and insurance policies from Federal regulation under the Sec

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      As noted by PR Newswire on June 28, 2009, "...Chambliss (R-GA), Tom Harkin (D-IA), and Sam Brownback (R-KS). A companion bill to the recently-introduced Meeks-Price Bill, S.1389 seeks to clarify the exemption for certain annuity contracts and insurance policies from Federal regulation under the Sec" (http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/06-29-2009/0005052170&EDATE=)
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