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NAMIC: House Hearing Considers Report's Recommendations on Antitrust Exemption
The House Judiciary Committee today will hold a hearing in response to the recent report released by the Antitrust Modernization Commission. The panel spent the past three years exploring issues related to insurance, including a review of specific exemptions and immunities. Among the issues considered by the panel was the antitrust exemption allowed for insurers under the McCarran-Ferguson Act. While not specifically recommending the Act be repealed, the commission suggested that Congress carefully review all exemptions with an eye toward reducing their number and scope.
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