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gptkbp:instanceOf
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gptkb:United_States_federal_law
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gptkbp:category
|
1945 in American law
Insurance law in the United States
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gptkbp:codifiedIn
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gptkb:15_U.S.C._§§_1011–1015
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gptkbp:dateEnacted
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1945
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gptkbp:effect
|
exempts insurance business from most federal regulation, including antitrust laws, when regulated by state law
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gptkbp:enactedBy
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gptkb:United_States_Congress
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gptkbp:fullTitle
|
An Act to regulate the business of insurance and to declare that the continued regulation and taxation by the several States of the business of insurance is in the public interest
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|
https://www.w3.org/2000/01/rdf-schema#label
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McCarran-Ferguson Act
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gptkbp:impact
|
limits federal government’s ability to regulate insurance industry
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|
gptkbp:namedAfter
|
gptkb:Pat_McCarran
gptkb:Homer_S._Ferguson
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|
gptkbp:publicLawNumber
|
gptkb:Public_Law_79-15
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gptkbp:purpose
|
to affirm the primacy of state regulation of insurance
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gptkbp:relatedLegislation
|
gptkb:Clayton_Antitrust_Act
gptkb:Federal_Trade_Commission_Act
gptkb:Sherman_Antitrust_Act
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gptkbp:relatedTo
|
insurance companies are primarily regulated by states, not the federal government
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|
gptkbp:signedBy
|
gptkb:Franklin_D._Roosevelt
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|
gptkbp:statutesAtLargeCitation
|
gptkb:59_Stat._33
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gptkbp:subject
|
gptkb:legislation
antitrust law
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|
gptkbp:bfsParent
|
gptkb:United_States_v._South-Eastern_Underwriters_Ass'n
gptkb:Senator_Pat_McCarran
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gptkbp:bfsLayer
|
7
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