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HR 1663 101th Congress House Commerce Antitrust law Insurance companies Monopolies Price fixing Restrictive trade practices

Insurance Competitive Pricing Act of 1990

Introduced: April 4, 1989 See on congress.gov
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 Everywhere this bill has been 11 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 27, 1990
Placed on the Union Calendar, Calendar No. 569.
Oct 27, 1990
Reported (Amended) by the Committee on Judiciary. H. Rept. 101-976.
Jun 20, 1990
Committee Consideration and Mark-up Session Held.
Jun 20, 1990
Ordered to be Reported (Amended).
Jun 13, 1990
Subcommittee Consideration and Mark-up Session Held.
Jun 13, 1990
Forwarded by Subcommittee to Full Committee (Amended).
Apr 24, 1990
Subcommittee Hearings Held.
Jul 27, 1989
Subcommittee Hearings Held.
Apr 6, 1989
Referred to the Subcommittee on Economic and Commercial Law.
Apr 4, 1989
Referred to the House Committee on Judiciary.
Apr 4, 1989
Introduced in House
 Plain-English summary Congressional Research Service

Insurance Competitive Pricing Act of 1989 - Amends the McCarran-Ferguson Act to eliminate the antitrust exemption applicable to the business of insurance where the conduct of an individual engaged in such business involves: (1) price fixing; (2) allocating with a competitor a geographical area in which, or persons to whom, insurance will be offered for sale; (3) tying the sale or purchase of one type of insurance to that of another type, or of any other service or product; or (4) monopolizing, or attempting to monopolize, any part of such business.

Retains such exemption for conduct involving the making of a contract, or engaging in a combination or conspiracy, to: (1) collect or disseminate historical loss data; (2) determine a loss development factor applicable to such data; or (3) perform actuarial services if such contract, combination, or conspiracy does not involve restraint of trade.

What's happening now October 27, 1990

Placed on the Union Calendar, Calendar No. 569.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1