This joint resolution would overturn a Securities and Exchange Commission rule published in July 2024 that established registration requirements and disclosure rules for index-linked annuities and registered market value adjustment annuities, as well as updates to disclosure forms used by insurance companies offering these and other types of annuities. The resolution uses the Congressional Review Act, a legislative mechanism that allows Congress to disapprove federal regulations within a specific timeframe. If passed, the SEC rule would be invalidated and could not be reissued without congressional approval. The measure would affect insurance companies and financial firms that sell annuities to investors, potentially allowing them to continue operating under previous regulatory standards. No specific funding or implementation timeline is involved, as the resolution simply seeks to prevent an existing rule from taking effect.