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H.R. 4772 · 108th Congress

Terrorism Risk Insurance Program Extension Act of 2004

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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

Terrorism Risk Insurance Program Extension Act of 2004 - Amends the Terrorism Risk Insurance Act of 2002 to extend the terrorism risk insurance program through December 31, 2008.

What it does: CRS summary · Introduced in House · Jul 7, 2004

Terrorism Risk Insurance Program Extension Act of 2004 - Amends the Terrorism Risk Insurance Act of 2002 to extend the terrorism risk insurance program through December 31, 2008.

Restricts "insured loss" with respect to the Final Program Year to certain losses covered by property and casualty insurance issued before January 1, 2008, and expiring not later than December 31, 2008.

Sets forth an insurer deductible that is the value of an insurer's direct earned premiums multiplied by 15 percent for Program Years 3, 4, and 5, and for the Final Program Year.

Redefines "insured loss" to include group life insurance coverage.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Terrorism Risk Insurance Program Extension Act of 2004

Latest action (Aug 3, 2004): Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Jul 7, 2004

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.