PRESS RELEASE: Just received from NAFA

On Tuesday, June 24th, the Senate conference committee voted 8-4 to approve the Harkin Amendment – the amendment that clarifies that fixed indexed annuities are NOT a security - and added it to their version of the financial regulatory reform Bill.  Today the House conference committee also voted to include the Harkin Amendment into the final bill that will be voted on in the Senate sometime before the July 4th recess.  HOWEVER, OUR WORK IS NOT DONE UNTIL THE PRESIDENT SIGNS THE FINAL BILL.  Many things can change and opposition forces may influence whether the Harkin Amendment is changed or remains in the final bill.  NAFA, the Coalition for Indexed Products and the Independent Fixed Annuities Agent Council are committed to success and there is more work to do.    Please continue your sales and support of fixed indexed annuities to ensure that all Americans have a safe and secure retirement.

For more information, please visit the NAFA website http://www.nafa.com.