[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1583 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 1583

           To further competition in the insurance industry.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 18, 2009

Mr. DeFazio (for himself, Mr. Taylor, Ms. Kaptur, Mr. Baird, Mr. Hare, 
 and Mr. Nadler of New York) introduced the following bill; which was 
  referred to the Committee on the Judiciary, and in addition to the 
Committees on Energy and Commerce and Financial Services, for a period 
    to be subsequently determined by the Speaker, in each case for 
consideration of such provisions as fall within the jurisdiction of the 
                          committee concerned

_______________________________________________________________________

                                 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 2009''.

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.
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