CLEAR Forms Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 10234 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 10234 To require the Securities and Exchange Commission to create forms for non-variable registered annuities and life insurance products, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES September 2, 2026 Mr. Nunn of Iowa (for himself and Ms. Pettersen) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, 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''. SEC. 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: ``SEC. 6A. REGISTRATION FORMS FOR RILU, CDA, AND OTHER REGISTERED NON- VARIABLE INSURANCE CONTRACTS. ``(a) Definitions.--In this section: ``(1) Contingent deferred annuity.--The term `contingent deferred annuity' means an annuity contract or rider-- ``(A) that is a security; ``(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