This legislation expands the jurisdiction of the Federal Trade Commission (FTC) to include specific tax-exempt hospital organizations. It achieves this by amending Section 4 of the Federal Trade Commission Act, which defines the term "Corporation" for the purpose of FTC oversight. The bill specifically adds hospital organizations and cooperative hospital service organizations that are described in section 501(c)(3) of the Internal Revenue Code and exempt from taxation to the FTC's scope. This significant change grants the FTC new authority over these previously exempt entities, enabling it to investigate and address potential anti-competitive practices within the healthcare sector.