[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 618 Introduced in Senate (IS)]







110th CONGRESS
  1st Session
                                 S. 618

           To further competition in the insurance industry.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           February 15, 2007

   Mr. Leahy (for himself, Mr. Specter, Mr. Lott, Mr. Reid, and Ms. 
   Landrieu) introduced the following bill; which was read twice and 
               referred to the Committee on the Judiciary

_______________________________________________________________________

                                 A BILL


 
           To further competition in the insurance industry.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Insurance Industry Competition Act 
of 2007''.

SEC. 2. ANTITRUST ENFORCEMENT AUTHORITY.

    (a) In General.--The Act of March 9, 1945 (59 Stat. 33; 15 U.S.C. 
1011 et seq.) (commonly known as the McCarran-Ferguson Act) is 
amended--
            (1) in section 2(b) (15 U.S.C. 1012(b)), by--
                    (A) inserting ``as it relates to unfair methods of 
                competition,'' after ``Commission Act, as amended,''; 
                and
                    (B) striking ``to the extent that such business is 
                not regulated by State law'' and inserting ``The 
                Federal Trade Commission Act, as it relates to areas 
                other than unfair methods of competition, shall be 
                applicable to the business of insurance to the extent 
                that such business is not regulated by State law.''; 
                and
            (2) by striking section 3 (15 U.S.C. 1013).
    (b) Federal Trade Commission Act.--Section 6 of the Federal Trade 
Commission Act (15 U.S.C. 46) is amended by striking the third 
undesignated paragraph following subsection (i).

SEC. 3. JOINT ENFORCEMENT POLICY STATEMENT.

    The Department of Justice and the Federal Trade Commission may 
issue joint statements of their antitrust enforcement policies 
regarding joint activities in the business of insurance.
                                 <all>