S.618 - Insurance Industry Competition Act of 2007110th Congress (2007-2008)
|Sponsor:||Sen. Leahy, Patrick J. [D-VT] (Introduced 02/15/2007)|
|Committees:||Senate - Judiciary|
|Latest Action:||03/07/2007 Committee on the Judiciary. Hearings held. (All Actions)|
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Summary: S.618 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in Senate (02/15/2007)
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.