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31 Oct 2008, 4:56 pm
Bauer has described, the McCarran-Ferguson Act was a direct response by Congress to a decision of the United States Supreme Court explicitly holding that the insurance industry and its various activities were conducted in interstate commerce and therefore affirmatively subject to the prohibitions of federal antitrust law.5 Thus, the McCarran-Ferguson constitutes an important alteration of the shape of American antitrust law, which has been identified as the "Magna Carta of… [read post]