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[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 497 Engrossed in House (EH)]

  1st Session

                               H. R. 497

_______________________________________________________________________

                                 AN ACT

   To repeal the Federal charter of Group Hospitalization and Medical 
                Services, Inc., and for other purposes.
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
105th CONGRESS
  1st Session
                                H. R. 497

_______________________________________________________________________

                                 AN ACT

 
   To repeal the Federal charter of Group Hospitalization and Medical 
                Services, Inc., and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REPEAL OF FEDERAL CHARTER OF GROUP HOSPITALIZATION AND 
              MEDICAL SERVICES, INC.

    (a) Repeal of Federal Charter.--
            (1) In general.--The Act entitled ``An Act providing for 
        the incorporation of certain persons as Group Hospitalization, 
        Inc.'', approved August 11, 1939 (53 Stat. 1412), is repealed.
            (2) Authorization to file articles of incorporation.--Group 
        Hospitalization and Medical Services, Inc. is hereby authorized 
        to file articles of incorporation under the District of 
        Columbia Nonprofit Corporation Act.
            (3) Effective date.--The amendment made by paragraph (1) 
        shall take effect upon the filing and effectiveness of articles 
        of incorporation of Group Hospitalization and Medical Services, 
        Inc. under the District of Columbia Nonprofit Corporation Act.
    (b) Effects of Becoming a District of Columbia Nonprofit 
Corporation.--Effective upon the filing and effectiveness of articles 
of incorporation of Group Hospitalization and Medical Services, Inc. as 
authorized in paragraph (2) of subsection (a), Group Hospitalization 
and Medical Services, Inc.--
            (1) shall be a District of Columbia nonprofit corporation 
        subject to the articles of incorporation;
            (2) shall be deemed organized and existing under the 
        District of Columbia Nonprofit Corporation Act, notwithstanding 
        any of the provisions of section 4 of the District of Columbia 
        Nonprofit Corporation Act regarding organizations subject to 
        any of the provisions of the insurance laws of the District of 
        Columbia;
            (3) shall be legally domiciled in the District of Columbia;
            (4) shall be regulated by the Superintendent of Insurance 
        of the District of Columbia in accordance with the laws and 
        regulations of the District of Columbia;
            (5) shall continue to exist; and
            (6) shall continue to be authorized to transact business--
                    (A) under existing certificates of authority and 
                licenses issued to Group Hospitalization and Medical 
                Services, Inc. before such filing and effectiveness,
                    (B) under the name ``Group Hospitalization and 
                Medical Services, Inc.'', and
                    (C) under applicable laws and regulations.

SEC. 2. WAIVER OF CONGRESSIONAL REVIEW PERIOD.

    Notwithstanding section 602(c)(1) of the District of Columbia Self-
Government and Governmental Reorganization Act (sec. 1-233(c)(1), D.C. 
Code), the Hospital and Medical Services Corporation Regulatory Act of 
1996 (D.C. Act 11-505) shall take effect on the date of the enactment 
of such Act or the date of the enactment of this Act, whichever is 
later.

            Passed the House of Representatives February 26, 1997.

            Attest:

                                                                 Clerk.
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