[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 3685 Introduced in Senate (IS)]

111th CONGRESS
  2d Session
                                S. 3685

 To provide the Federal Trade Commission with oversight authority over 
                           insurance issuers.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             August 2, 2010

Mr. Pryor (for himself, Mrs. Boxer, and Mr. Rockefeller) introduced the 
 following bill; which was read twice and referred to the Committee on 
                 Commerce, Science, and Transportation

_______________________________________________________________________

                                 A BILL


 
 To provide the Federal Trade Commission with oversight authority over 
                           insurance issuers.

    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 Competition and 
Transparency Act of 2010''.

SEC. 2. FEDERAL TRADE COMMISSION OVERSIGHT OVER INSURANCE ISSUERS.

    Section 6 of the Federal Trade Commission Act (15 U.S.C. 46) is 
amended in the undesignated matter following subsection (l), by 
striking ``Nothing'' and all that follows through ``was made.'' and 
inserting the following:
    ``Notwithstanding the Act of March 9, 1945 (15 U.S.C. 1011 et seq.) 
and the definition of corporation in section 4, the Commission may use 
the authority described in this section to conduct studies, prepare 
reports, and disclose information relating to insurance, without regard 
to whether the subject of the study, report, or the information is for-
profit or not-for-profit.
    ``Subject to the Act of March 9, 1945 (15 U.S.C. 1011 et seq.) and 
notwithstanding the definition of corporation in section 4, the 
provisions of this Act shall apply to an insurer without regard to 
whether such insurer is for-profit or not-for-profit. For purposes of 
this paragraph, an employer or membership organization not organized 
for its own profit or that of its members that provides health care or 
medical malpractice benefits only to its employees or members shall not 
be deemed to be a health insurer or a medical malpractice insurer, 
provided that this exclusion shall not apply to a separate entity that 
issues insurance or to an organization whose sole or primary membership 
benefit is insurance.''.
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