PRINTER'S NO. 1444
No. 85 Session of 1989
INTRODUCED BY WESTON, COHEN, TRELLO, MORRIS, KOSINSKI, WOGAN, CARN, ROBINSON, WILLIAMS, HOWLETT, MAIALE, JACKSON, D. F. CLARK, MAINE, KUKOVICH, HALUSKA, HARPER, JOHNSON, FOX, BLAUM, MICHLOVIC, FREEMAN, HERSHEY, MELIO, J. TAYLOR, JOSEPHS, CIVERA, LANGTRY, CORRIGAN, TIGUE, MOEHLMANN, MRKONIC, VEON, HASAY, REBER, LINTON, BROUJOS AND RITTER, APRIL 19, 1989
REFERRED TO COMMITTEE ON RULES, APRIL 19, 1989
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
1 business enterprises are not entitled to such preferential 2 treatment; therefore be it 3 RESOLVED, That the House of Representatives of the 4 Commonwealth of Pennsylvania memorialize the Congress of the 5 United States to enact legislation subjecting insurance 6 companies to the same Federal antitrust regulations that apply 7 to virtually all other business enterprises; and be it further 8 RESOLVED, That copies of this resolution be transmitted to 9 the presiding officers of each house of Congress and to each 10 member of Congress from Pennsylvania. B14L82DGS/19890H0085R1444 - 2 -