 Many annuity issuers were concerned that factoring transactions, which were not contemplated when Congress enacted section 130, might upset the tax treatment of qualified assignments.House of Representatives Bill 2884 (discussed below) resolved this question for annuity issuers.In 2001, Congress passed HR 2884, signed into law by the President in 2002 and effective July 1, 2002, codified at Internal Revenue Code § 5891.