mr. gosar: i have an amendment at the table. the chair: the clerk will designate the amendment. the clerk: amendment number 5, printed in house report number 112-416, offered by mr. gosar of arizona. the chair: pursuant to house resolution 591, the gentleman from arizona, mr. gosar, and a member opposed, will each control five minutes. the chair now recognizes the gentleman from arizona for five minutes. mr. gosar: madam chair, i rise foe address the house today in support of my amendment to h.r. 5 to amend the mccarran-ferguson act. this act exemmingts the business of insurance from many federal antitrust laws. in this modern day and age it is hard to see why this exemption still persists. one of the original reasons to carve this exemption for the industry dates all the way back to 1945, was that insurance companies needed to share actuarial information in order to balance risk when setting premiums. however, since 1945 our federal law has evolved to include safe harbors to prevent companies

tipton from colorado, mr. gosar from arizona, for their work on this and i urge my colleagues to support the bill. i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. the gentlewoman from california is recognized. mrs. napolitano: thank you, mr. chair. i yield myself five minutes. the chair: the gentlewoman is recognized for five minutes. mrs. napolitano: thank you, mr. chairman. i do rise in support of the general premise, i repeat the general premise of this legislation, but oppose the legislation as amended. i'd like to mention that overwhelm three out of 15 democrats support it. while it is bipartisan, it is minor bipartisanship on this particular issue. h.r. 2842 does seek to generate additional hydropower at the existing bureau of reclamation facilities, federal properties. through developing new process of conduit and in canal hydropower, which we should be developing at a greater speed and length. we cannot support this bill as amended even though the original bill al