H. R. 743
IN THE HOUSE OF REPRESENTATIVES
February 15, 2013
Mr. DeFazio (for himself and Ms. Slaughter) introduced the following bill; which was referred to the Committee on the Judiciary
To restore the application of the Federal antitrust laws to the business of health insurance to protect competition and consumers.
This Act may be cited as the
Health Insurance Industry Fair Competition Act
Restoring the application of antitrust laws to health sector insurers
Amendment to McCarran-Ferguson Act
Nothing contained in this Act shall modify, impair, or supersede the operation of any of the antitrust laws with respect to the business of health insurance. For purposes of the preceding sentence, the term
antitrust laws has the meaning given it in subsection (a) of the first section of the Clayton Act, except that such term includes section 5 of the Federal Trade Commission Act to the extent that such section 5 applies to unfair methods of competition.
For purposes of
section 5 of the Federal Trade Commission Act (15 U.S.C. 45) to the extent such section applies to unfair methods of competition, section 3(c) of the McCarran-Ferguson Act shall apply with respect to the business of health insurance without regard to whether such business is carried on for profit, notwithstanding the definition of
Corporation contained in section 4 of the Federal Trade Commission Act.