A bill to further competition in the insurance industry.
Insurance Industry Competition Act of 2007 - Amends the McCarran-Ferguson Act to make the Federal Trade Commission Act, as it relates to areas other than unfair methods of competition, applicable to the business of insurance to the extent that such business is not regulated by state law.
Authorizes the Department of Justice (DOJ) and the Federal Trade Commission (FTC) to issue joint statements of their antitrust enforcement policies regarding joint activities in the business of insurance.
Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S2044-2045)
Read twice and referred to the Committee on the Judiciary.
Committee on the Judiciary. Hearings held.
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