Summary of HRES 464 - National Annuity Awareness Month

Bill Number: HRES 464

Title: Expressing support for the designation of June as "National Annuity Awareness Month"

Status: Submitted in House

Introduced: June 03, 2025

Classification: Resolution

Purpose and Intent

HRES 464 aims to express the House of Representatives' support for establishing June as "National Annuity Awareness Month." The resolution seeks to raise awareness about annuities and their role in financial planning, particularly for retirement. By designating a specific month for this purpose, the bill intends to encourage educational initiatives and discussions surrounding annuities.

Key Provisions

The resolution includes two main provisions:

1. Support for Designation: The House of Representatives formally expresses its support for the designation of June as National Annuity Awareness Month.

2. Call to Action: The resolution calls upon various stakeholders—including the United States Government, state and local governments, educational institutions, nonprofit organizations, businesses, and the general public—to observe National Annuity Awareness Month through appropriate programs and activities. This may include workshops, seminars, and informational campaigns aimed at educating individuals about the benefits and considerations of annuities.

Who Would Be Affected

The resolution is intended to impact a wide range of stakeholders, including:

• Individuals and Families: By promoting awareness, individuals may gain a better understanding of annuities as a financial product, potentially leading to more informed retirement planning.

• Financial Advisors and Planners: Professionals in the financial services industry may utilize this month to promote their services and educate clients about annuities.

• Educational Institutions and Nonprofits: Schools and nonprofit organizations may develop programs or materials to inform the public about the importance of annuities in financial planning.

Procedural and Timeline Aspects

• Introduced Date: The resolution was introduced on June 03, 2025.

• Legislative Actions:

  • On the same day of its introduction, HRES 464 was referred to the House Committee on Oversight and Government Reform for further consideration.

Sponsors

• Primary Sponsor: Zachary Nunn
• Cosponsor: Brittany Pettersen

Conclusion

HRES 464 represents a legislative effort to enhance public understanding of annuities and their significance in financial planning. By designating June as National Annuity Awareness Month, the resolution seeks to foster educational initiatives that could benefit individuals as they prepare for retirement.