S.Amdt. 3067

SA 3067. Mr. PRYOR (for himself, Mrs. Boxer, and Mr. Rockefeller)
submitted an amendment intended to be proposed to amendment SA 2786
proposed by Mr. Reid (for himself, Mr. Baucus, Mr. Dodd, and Mr.
Harkin) to the bill H.R. 3590, to amend the Internal Revenue Code of
1986 to modify the first-time homebuyers credit in the case of members
of the Armed Forces and certain other Federal employees, and for other
purposes; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. __. FEDERAL TRADE COMMISSION OVERSIGHT OVER HEALTH
INSURANCE ISSUERS.

Section 6 of the Federal Trade Commission Act (15 U.S.C.
46) is amended in the undesignated matter following
subsection (l), by striking ``Nothing'' and all that follows
through ``was made.'' and inserting the following:
``Notwithstanding the Act of March 9, 1945 (15 U.S.C. 1011
et seq.) and the definition of corporation in section 4, the
Commission may use the authority described in this section to
conduct studies, prepare reports, and disclose information
relating to insurance, without regard to whether the subject
of the study, report, or the information is for-profit or
not-for-profit.
``Subject to the Act of March 9, 1945 (15 U.S.C. 1011 et
seq.) and notwithstanding the definition of corporation in
section 4, the provisions of this Act shall apply to an
insurer without regard to whether such insurer is for-profit
or not-for-profit. For purposes of this paragraph, an
employer or membership organization not organized for its own
profit or that of its members that provides health care or
medical malpractice benefits only to its employees or members
shall not be deemed to be a health insurer or a medical
malpractice insurer, provided that this exclusion shall not
apply to a separate entity that issues insurance or to an
organization whose sole or primary membership benefit is
insurance.''.
______