S. 2764 · 108th Congress
Terrorism Risk Insurance 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.
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DoddSponsor22 cosponsors · 12 D, 10 R
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Bennett
JB
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Bunning
TC
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Carper
MC
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Crapo
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Chafee
ED
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Dole
CH
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Hagel
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Nelson
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Reed
HR
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Reid
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Schumer
EB
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Bayh
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Chambliss
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Clinton
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Corzine
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Lugar
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Smith
JB
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Breaux
NC
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Coleman
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Lautenberg
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Miller
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Stabenow11 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Terrorism Insurance Extension Act of 2004 - Amends the Terrorism Risk Insurance Act of 2002 (TRIA) to extend the terrorism risk insurance program from 2005 through 2007.
What it does: CRS summary · Introduced in Senate · Jul 22, 2004
Terrorism Insurance Extension Act of 2004 - Amends the Terrorism Risk Insurance Act of 2002 (TRIA) to extend the terrorism risk insurance program from 2005 through 2007.
Repeals the condition on the authority of the Secretary of the Treasury to pay or adjust compensation for insured losses after termination of the program that limits such losses to those arising from an act of terrorism occurring only during the period in which the program was in effect.
Defines "Program Year 4" as calendar 2006 and "Program Year 5" as calendar 2007.
Increases the insurance marketplace aggregate retention amount for Program Years 4 and 5.
Directs the Secretary to apply TRIA to providers of group life insurance.
Instructs the Presidential Working Group on Financial Markets to report to Congress its recommendations for legislation to address the long-term availability and affordability of insurance for terrorism risk.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Terrorism Risk Insurance Extension Act of 2004
Latest action (Jul 22, 2004): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Jul 22, 2004
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.