Bill · H.Res. 464· House(119-HRES-464)
Expressing support for the designation of June as "National Annuity Awareness Month".
- Introduced
- 6/3/2025
- Last activity
- 6/3/2025 — Referred to the House Committee on Oversight and Government Reform.
- Sponsored by
- Zachary Nunn
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
A House resolution is the House speaking for itself: stating a position, honouring someone, or setting its own rules. Adopting it is the whole process. Once the House agrees to it, it is officially the House's word; it is not a law, so the Senate and the President have no part in it.
What this bill would do
This resolution expresses support for designating June as "National Annuity Awareness Month." It highlights how annuities can provide a predictable way to meet financial obligations during retirement. The text notes that many people seek these tools to avoid running out of money later in life. The resolution calls on various entities, including the government and local organizations, to observe this month. The goal is to promote education and support access to these financial products.
Yes
Would people over 65 be better off under this?+5
The resolution promotes annuity awareness to help secure income for retirement.
Would retired people be better off under this?+5
The resolution highlights tools to provide guaranteed lifetime income during retirement.
Does this give people more protection from unfair business practices?+5
The resolution aims to educate consumers on the benefits and strategic use of annuities.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Educational Awareness: The designation aims to educate consumers on the benefits of annuities (Resolution Goals). This could help people understand how to meet financial obligations and objectives in retirement.
-
Financial Security: The resolution states that annuities can provide guaranteed lifetime income (Whereas clause). This is presented as a way to address the concern of running out of money during retirement.
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Improved Retirement Readiness: Research mentioned in the text indicates that annuity owners have higher confidence in their overall retirement readiness (Whereas clause).
-
Professional Guidance: The resolution encourages savers to seek expert guidance from financial professionals (Resolution Goals). This can assist with important financial decisions regarding when and how to take income.
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Retirees+5Good For Seniors+5
- Economy And Finance
- Improves Consumer Protection+5
- 6/3/2025
- Submitted in House
- Referred to the House Committee on Oversight and Government Reform.
- 1 Cosponsor added.
Brittany PettersenDemocrat · Colorado