Health Insurance Industry Fair Competition Act

Floor Speech

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Mr. KANJORSKI. Mr. Speaker, I rise in support of H.R. 4626.

Mr. Speaker, as the Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises and on behalf of the Financial Services Committee and its Chairman (the gentleman from Massachusetts, Mr. Frank), I would like to thank the Chairman of the Judiciary Committee (the gentleman from Michigan, Mr. Conyers), the gentleman from Virginia (Mr. Perriello), the gentlewoman from Colorado (Ms. Markey), and others for their leadership in bringing this important legislation to the floor. I also appreciate their cooperation with the Financial Services Committee--which has primary jurisdiction over most insurance regulatory issues, except for health insurance matters--in developing this bill. In particular, I appreciate that the legislation before us is narrowly tailored to repeal the McCarran-Ferguson antitrust exemption only for the business of health insurance.

Today, Congress is engaged in robust debate on reforming the health insurance marketplace for the nation. There are also many additional types of insurance that impact citizens' lives on a daily basis. When looking broader at insurance regulatory reform and allowing insurers to cross state lines, Congress should look at these matters comprehensively across all lines of insurance. I look forward to working together with House leadership and multiple committees on these important matters in the future.

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