119-hres464

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 464 Introduced in House

    (IH) ]

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119th CONGRESS
 1st Session
H. RES. 464

 Expressing support for the designation of June as ``National Annuity 
 Awareness Month''.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 June 3, 2025

 Mr. Nunn of Iowa (for himself and Ms. Pettersen) submitted the 
following resolution; which was referred to the Committee on Oversight 
 and Government Reform

_______________________________________________________________________

 RESOLUTION

 Expressing support for the designation of June as ``National Annuity 
 Awareness Month''.

Whereas annuities provide a predictable way to meet immediate, ongoing, and 
 future financial obligations and objectives in retirement;
Whereas surveys consistently indicate that the vast majority of individuals in 
 the United States are looking for a financial solution that provides the 
 benefits offered by annuities, specifically the ability to address the 
 critical concern of running out of money during retirement;
Whereas outliving retirement savings can--

    (1) create a financial hardship that reduces the standard of living in 
retirement;

    (2) defeat the fulfillment of legacy goals; and

    (3) require dependence on family and friends for monetary support;

Whereas millions of individuals in the United States currently lack an adequate 
 level of guaranteed income in retirement to ensure a secure financial 
 future for themselves and their loved ones;
Whereas research indicates that an owner of an annuity has a higher confidence 
 in overall retirement readiness;
Whereas an annuity is the only product in the financial marketplace that can 
 provide guaranteed lifetime income;
Whereas determining the type of annuity to buy and when to take income is one of 
 the most important financial decisions a consumer will ever make, and 
 individuals and families can benefit greatly from the expert guidance of 
 a financial professional; and
Whereas numerous stakeholders who support annuities have designated June as 
 ``National Annuity Awareness Month'', the goals of which are--

    (1) to educate consumers on annuity benefits;

    (2) to support access to annuities to meet the individual financial 
goals of consumers; and

    (3) to encourage savers to seek professional guidance to implement 
annuities effectively in income and legacy planning: Now, therefore, be it

 Resolved, That the House of Representatives--

    (1) expresses support for the designation of ``National 
 Annuity Awareness Month''; and

    (2) calls on the United States Government, the States, 
 localities, schools, nonprofit organizations, businesses, and 
 the people of the United States to observe National Annuity 
 Awareness Month with appropriate programs and activities.
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