PRINTER'S NO. 3906
No. 349 Session of 1988
INTRODUCED BY WESTON, JACKSON, KOSINSKI, D.W. SNYDER, VEON,
MAIALE, R.C. WRIGHT, CARN, HALUSKA, WOZNIAK, BROUJOS,
JAROLIN, HERSHEY, PERZEL, McHALE, TIGUE, JOSEPHS, MOEHLMANN,
JOHNSON, DeLUCA, LASHINGER, FOX, KUKOVICH, TRELLO, MAINE,
OLASZ, MICHLOVIC AND J. TAYLOR, NOVEMBER 16, 1988
REFERRED TO COMMITTEE ON RULES, NOVEMBER 21, 1988
A RESOLUTION
1 Memorializing Congress to enact legislation subjecting insurance
2 companies to the same Federal antitrust regulations that
3 apply to virtually all other business enterprises.
4 WHEREAS, The United States Congress has exempted insurance
5 companies from Federal antitrust laws since 1944 when it enacted
6 the McCarran-Ferguson Act; and
7 WHEREAS, The insurance industry has taken advantage of its
8 immunity from Federal antitrust regulation to fix prices, to
9 impose unfair insurance policy conditions and to reduce the
10 availability of insurance, thereby harming consumers, nonprofit
11 organizations and business firms; and
12 WHEREAS, The states have failed to fill the regulatory vacuum
13 created by the absence of Federal antitrust jurisdiction over
14 insurance companies; and
15 WHEREAS, There is no compelling reason for granting insurance
16 companies immunity from Federal antitrust regulation when other
17 business enterprises are not entitled to such preferential
1 treatment; therefore be it
2 RESOLVED, That the House of Representatives of the
3 Commonwealth of Pennsylvania memorialize the Congress of the
4 United States to enact legislation subjecting insurance
5 companies to the same Federal antitrust regulations that apply
6 to virtually all other business enterprises; and be it further
7 RESOLVED, That copies of this resolution be transmitted to
8 the presiding officers of each house of Congress and to each
9 member of Congress from Pennsylvania.
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