H.R. 10234, the CLEAR Forms Act, advanced out of committee on September 16, 2026.
H.R. 10234 — CLEAR Forms Act
What it does
This bill requires the SEC to create new registration forms for three types of insurance products—registered index-linked life insurance, contingent deferred annuities, and other non-variable insurance contracts—within 30 months. The forms must be designed so ordinary purchasers can understand key information, with investor testing required for annuities. If the SEC misses the deadline, insurers can temporarily use existing forms. The bill benefits insurance companies by streamlining registration and consumers by ensuring clearer disclosure of complex products.
Quorum's transparency scan gave CLEAR Forms Act a moderate transparency flag.
What happens next
H.R. 10234 advanced out of committee. Next stop: a floor vote.
Who is behind it
Filed by Zachary (Zach) Nunn. Cosponsored by Brittany Pettersen and Scott Fitzgerald.
The week in bills
One email, Sunday: what Congress passed, what it changed, and who paid.
One link arrives to confirm the address. It is used for this email and nothing else, and every issue carries an unsubscribe link.