Insurance Competition Improvement Act of 1987
Latest action. Committee on the Judiciary. Hearings held. Hearings printed: S.Hrg. 100-918.
Insurance Competition Improvement Act of 1987 - Amends the McCarran-Ferguson Act to declare that the continued exemption of the business of insurance from the Federal antitrust laws is not in the public interest. Provides that the antitrust laws shall apply to the business of insurance with certain exceptions. Specifies limited activities that may be subject to an exempt agreement, understanding, or concert of action between or among insurers, members of an advisory organization, or other persons. Permits insurers or other persons participating in joint underwriting, pools, or residual market mechanisms to cooperate with each other in the making of rates, rating systems, policy forms, underwriting rules, surveys, inspections, and investigations if the residual market mechanism is required by law or approved by a State regulatory agency, or if the joint underwriting or pools do not unreasonably restrain trade. Permits any State to: (1) establish or approve a residual market mechanism; and (2) require a workers' compensation and employers' liability insurer to adhere to the uniform classification system and uniform rating plan applicable to such types of insurance in such State, provided that no such insurer shall agree with any other insurer or with an advisory organization to use any rate. States that treble damages and criminal penalties for alleged violations of Federal antitrust law may not result from conduct (which would have been lawful under the McCarran-Ferguson Act) occurring within two years of enactment of this Act. Provides that no relief shall be granted against any person for conduct occurring within two years of enactment of this Act if the defendant relied in good faith on an advisory opinion issued by the Department of Justice.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in Senate" stage on May 29, 1987. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on June 2, 1987: Committee on the Judiciary. Hearings held. Hearings printed: S.Hrg. 100-918.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the Senate
- Passage by the House
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 100th Congress (1987-88), 713 of the 9,582 bills and joint resolutions introduced became law, about 7.4 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
HOWARD METZENBAUM (D-OH) introduced it on May 29, 1987, and 3 members have since signed on as cosponsors.
They are 3 Democrats.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on May 29, 1987, 14396 days ago. The most recent recorded action was 14392 days ago, on June 2, 1987.
Measures do not carry over. Anything the 100th Congress has not finished by January 3, 1989 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- SenateIn committee, no floor vote yet
- HouseAwaits Senate passage
- PresidentAwaits both chambers