IA SSB3064

A bill for an act relating to the applicability of the standard nonforfeiture law for individual deferred annuities to contingent deferred annuities.(See SF 2215.)

Introduced Senate Commerce
Plain English Summary

Iowa Senate Study Bill 3064 (SSB 3064) was introduced on January 22, 2026, by the Senate Commerce Committee. The bill aimed to extend the applicability of the standard nonforfeiture law for individual deferred annuities to contingent deferred annuities. This legislation was renumbered as Senate File 2215 (SF 2215) on February 4, 2026, and was signed by the Governor on April 9, 2026, with an effective date of July 1, 2026. ([legiscan.com](https://legiscan.com/IA/bill/SSB3064/2025?utm_source=openai))

Supporters Say

The bill received unanimous support in both the Senate and the House, passing with votes of 44-0 and 91-0, respectively. This bipartisan approval suggests a positive reception among legislators. ([legiscan.com](https://legiscan.com/IA/bill/SF2215/2025?utm_source=openai))

Critics Say

No negative media coverage or significant opposition to the bill was reported.

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About This Analysis

This summary was generated using AI from the bill's official text and metadata. Data sourced from LegiScan and the Iowa General Assembly. Conflict-of-interest analysis for this bill is coming soon.