Sen. Patrick Leahy, (D-Vt.), chairman of the U.S. Senate Judiciary Committee, has introduced the Insurance Industry Competition Act. This legislation would remove the federal antitrust exemption from the insurance industry. Currently, the McCarran-Ferguson Act protects the insurance industry from federal antitrust laws.
Sen. Arlen Specter, (R-Pa.), Senate Judiciary ranking member, joined Leahy in introducing Senate Bill 618 – as did Sen. Harry Reid, (D-Nev.), Senate majority leader, and Sen. Trent Lott, (R-Miss.), Senate Republican whip.
A vehicle hits the Institute of Highway Safety bumper barrier. The results of the new crash tests reveal most car bumpers don't work in low speed crashes.