Call this 'the scarborough act'

it defines an annuitant (someone eligible to be paid an annuity)

and

>‘‘(2) RULE OF CONSTRUCTION.—Paragraph (1) shall not be

construed to exempt any company or other entity issuing a

policy of insurance under this chapter from the imposition,

payment, or collection of a tax, fee, or other monetary payment

on the net income or profit accruing to or realized by such

entity from business conducted under this chapter, if that tax,

fee, or payment is applicable to a broad range of business

activity.’’.

might be a favor for the insurance industry.

https://www.congress.gov/107/plaws/publ104/PLAW-107publ104.pdf