HR 448 · 108th Congress 2003–2005, ended

Insurance Competitive Pricing Act of 2003

Introduced Jan 29, 2003 Originated House Sponsor Peter A. DeFazio D-OR

Latest action · Jan 29, 2003 Referred to the House Committee on the Judiciary.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedJan 29, 2003
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Insurance Competitive Pricing Act of 2003 - Amends the McCarran-Ferguson Act to eliminate the antitrust exemption applicable to the business of insurance where the conduct 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) unlawfully tying the sale or purchase of one type of insurance to the sale or purchase of another type of insurance or 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; (3) perform actuarial services if such contract, combination, or conspiracy does not involve restraint of trade; or (4) determine a trend factor (an adjustment to reflect a change in inflation or any other change in the estimated loss costs incurred by certain persons engaged in the business of insurance) during a specified transition period.

Cosponsors 13

Members who signed on, in the order they did. Signatures ran from Jan 29, 2003 to Jun 11, 2003; 1 is an original cosponsor, there from the day it was introduced.

Seat	Cosponsor		Signed on
D-DC	Eleanor Holmes Norton	Original	Jan 29, 2003
D-CA	Barbara Lee		Feb 25, 2003
D-NJ	Bill Pascrell, Jr.		Feb 25, 2003
D-OH	Dennis J. Kucinich		Feb 25, 2003
D-VI	Donna M. Christensen		Feb 25, 2003
D-NY	Joseph Crowley		Feb 25, 2003
D-AZ	Raúl M. Grijalva		Feb 25, 2003
D-OH	Sherrod Brown		Feb 25, 2003
D-MO	Wm. Lacy Clay		Feb 25, 2003
D-VA	Robert C. "Bobby" Scott		Mar 11, 2003
D-IL	Lane Evans		Mar 26, 2003
D-NY	Louise McIntosh Slaughter		Mar 26, 2003
D-MS	Gene Taylor		Jun 11, 2003

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

Chamber	Committee	What it did
House	Judiciary Committee	Referred Jan 29, 2003

Actions 2

Everything that happened, newest first.

Jan 29, 2003Introduced in House
Jan 29, 2003Referred to the House Committee on the Judiciary.

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced: To modify the antitrust exemption applicable to the business of insurance.
Short Titles as Introduced: Insurance Competitive Pricing Act of 2003

Subjects

Assigned by the Library of Congress. Policy area: Commerce.

Text 1

Each version as it was printed, newest first.

Jan 29, 2003Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.