A resolution designating June as "National Annuity Awareness Month".
- Bill Number
- S.Res. 774
- Origin Chamber
- Senate
- Congress
- 119th Congress, Session 2
- Policy Area
- Finance and Financial Sector
- Status
- Introduced
- Latest Action
- 2026-06-17: Referred to the Committee on the Judiciary. (text: CR S2897)
- Last Updated
- 2026-07-02T15:56:16Z
AI-Generated Summary
Summary of S. Res. 774
Purpose
This resolution designates June as "National Annuity Awareness Month" to highlight the role of annuities in retirement planning. It aims to educate the public on how annuities can provide guaranteed income and address concerns about outliving savings.
Key Provisions
- Recognizes annuities as a financial tool that offers predictable income for retirement needs.
- Notes that many people lack sufficient guaranteed retirement income and that annuity owners report higher confidence in their financial readiness.
- States that annuities are the only financial product able to guarantee lifetime income.
- Encourages consumers to seek guidance from financial professionals when choosing and using annuities.
- Calls for the federal government, states, localities, schools, nonprofits, businesses, and individuals to mark the month with suitable programs and activities focused on education, access, and planning.
Significant Changes to Existing Law
This measure introduces no changes to existing laws. It is a non-binding resolution that does not alter statutes, regulations, or legal requirements.
Potential Impacts
- May increase public awareness of annuities as an option for retirement income security.
- Could encourage more people to consult financial advisors about retirement strategies.
- Has no direct effect on government agencies, as it requires no funding or enforcement.
- May indirectly support the financial services industry by promoting products like annuities among citizens.
Main Stakeholders Affected
- Individuals and families planning for retirement.
- Financial professionals and advisors who provide guidance on annuities.
- Organizations and businesses in the annuity and retirement planning sector.
- Government entities at federal, state, and local levels, along with schools and nonprofits, which are invited to participate in awareness activities.
Notable Legal, Constitutional, or Political Implications
The resolution carries no legal force and raises no constitutional issues, as it is purely symbolic and does not mandate actions or allocate resources. It reflects a bipartisan or consensus effort to promote financial education without creating new obligations or controversies.
This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.
Sponsor
Recent Actions
- 2026-06-17: Referred to the Committee on the Judiciary. (text: CR S2897)
- 2026-06-17: Submitted in Senate
Bill Versions
- Designating June as National Annuity Awareness Month. — issued 2026-06-17 — PDF (3 pages)