H.R. 4619 · 109th Congress
Commission on Terrorism Risk Insurance Act of 2005
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
FossellaSponsor19 cosponsors · 9 D, 10 R
R
King
CM
D
Maloney
JM
R
McHugh
TR
R
Reynolds
JS
R
Sweeney
SBR
Boehlert
CS
R
Shays
ET
D
Towns
TM
R
McCotter
BD
D
Delahunt
RS
R
Simmons
JW
R
Walsh
MC
D
Capuano
EE
D
Engel
JS
D
Serrano
MG
R
Green
RC
D
Carnahan
MH
D
Hinchey
JC
D
Crowley5 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Commission on Terrorism Risk Insurance Act - Amends the Terrorism Risk Insurance Act of 2002 to establish the Commission on Terrorism Risk Insurance.
What it does: CRS summary · Introduced in House · Dec 17, 2005
Commission on Terrorism Risk Insurance Act - Amends the Terrorism Risk Insurance Act of 2002 to establish the Commission on Terrorism Risk Insurance.
Directs the Commission to identify and make recommendations regarding actions to: (1) encourage, facilitate, and sustain provision by the private domestic insurance industry of affordable coverage for losses due to acts of terrorism; (2) sustain or supplement the ability of the domestic insurance industry to cover losses resulting from acts of terrorism; (3) reduce the federal role over time in any continuing federal terrorism risk insurance program; and (4) evaluate whether coverage under the Terrorism Insurance Program is necessary to permit redevelopment at sites of previous acts of terrorism.
Instructs the Commission to evaluate and makes recommendations on the need for a federal terrorism risk insurance program.
Requires the Terrorism Insurance Program to remain in effect, but only to cover insured losses under property and casualty insurance issued on or before December 31, 2008, if the Commission determines that the market will not provide for renewal or generation of new insurance contracts necessary to permit redevelopment at the site of a previous act of terrorism.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Commission on Terrorism Risk Insurance Act of 2005
Latest action (Jan 10, 2006): Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Dec 17, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.