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It seems during every congressional cycle the possibility of a repeal of the McCarran-Ferguson Act (MFA) crops up. The most colorful attempt was 10 years ago when former Sen. Trent Lott (R.-Miss.), dubbed at the time “the angriest man to have been empowered in the past election” by a Wall Street Journal reporter, called the National Association of Mutual Insurance Companies (NAMIC), promising to bring down the industry. His weapon of choice? The repeal of the MFA.

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