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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Oct 22, 2009
Page
9
The House Judiciary Committee approved repealing the 1940s exemption that shields health insurers from federal antitrust laws in a 20 to 9 vote. Senators plan similar action as Democrats move to punish insurers for criticizing Obama health care overhaul.
The House Financial Services Committee backed an amendment allowing federal regulators to exempt large national banks from state consumer protection laws on a case by case basis, a move opposed by Democrats who favor tougher nationwide rules. The measure, part of a broader bill to create a new federal consumer agency, aims to limit state oversight and faces further debate.
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