SEC must make insurance forms easier to read in 30 months.
H.R. 10234 — CLEAR Forms Act · Filed by Zachary (Zach) Nunn (R-IA) · 2 cosponsors · Introduced Sep 2, 2026 · Reported out
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What it does
The bill tells the SEC to create new, simpler forms. Three types of insurance products need these forms within 30 months. The forms must be written so regular people understand them. For one type, the SEC must test forms with investors. If the SEC misses the deadline, companies can use old forms.
Who it affects
People who buy insurance will get clearer forms to read. Insurance companies will have simpler rules for registering products.
One thing to notice
If the SEC misses the deadline, companies can use old forms instead. New, clearer forms might not happen at all.
From the analysis of the bill text, linked under Primary records below.
Where it stands
2 cosponsors: 1 Democrats, 1 Republicans.
- Sep 2, 2026 — Introduced · Congress.gov: “Introduced in House”
- Sep 2, 2026 — Referred to House Committee on Financial Services · Congress.gov: “Referred to the House Committee on Financial Services”
- Sep 16, 2026 — Markup held in committee · Congress.gov: “Committee Consideration and Mark-up Session Held”
- Sep 16, 2026 — Reported out of committee · Congress.gov: “Ordered to be Reported (Amended) by the Yeas and Nays: 42 - 7”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (8,698 characters) on Sep 5, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,522 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-09-22.
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