Trump Signs Bill Repealing Insurance Exemption From Anti-Trust Law

By Amy Lotven / January 13, 2021 at 7:00 PM
President Trump Wednesday (Jan. 13) signed bipartisan legislation that removes an anti-trust exemption for insurance companies under the McCarran-Ferguson Act, a move quickly welcomed by the Justice Department, which can now take on antitrust oversight of insurers. The bill, HR 1418, passed the Senate by unanimous consent on Dec. 22, shortly after lawmakers approved the COVID-19 relief and spending package, and was presented to the president on Jan. 1. “We thank the President, the Senate, and the House of Representatives...

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