McCarran-Ferguson Restoration Act

# McCarran-Ferguson Restoration Act (HR 7130) Summary **What the Bill Would Do:** This bill aims to restore or modify provisions of the McCarran-Ferguson Act, a 1945 federal law that governs how insurance is regulated in the United States. The specific details of what changes this bill proposes are not publicly available in the summary provided, but it relates to the balance of power between state and federal oversight of insurance companies. **Who It Affects:** Insurance companies, insurance regulators, and potentially consumers who purchase insurance would be affected by changes to how the insurance industry is regulated.

The bill could impact how insurance is sold, priced, and overseen across different states. **Current Status:** As of now, HR 7130 is in committee, meaning it has been referred to the appropriate House committee but has not yet been debated or voted on by the full House of Representatives. The bill was introduced by Representative Troy Downing (R-Montana) in the 119th Congress. *Note: For detailed information about the specific provisions being changed, you would need to review the bill's full text on Congress.gov.*.