What the New $1.9T Spending Law Means for Life and Annuity Legislation
December 26, 2024 by Allison Bell
President Joe Biden signed a major anti-shutdown bill — the American Relief Act, 2025 package — into law Saturday, at a time when many Washington financial services policymakers have already left for the holidays.
The text of the new law does include provisions that will authorize the federal government to continue normal operations through March 14, 2025. It does not include any life or annuity provisions. But the package, and the fight to pass it, could have a big, indirect effect on life and annuity policymaking starting Jan. 3, when the 119th Congress starts.
Originally Posted at Think Advisor on December 23, 2024 by Allison Bell.
Categories: Industry Articles
