H.R. 6494 · 116th Congress
Business Interruption Insurance Coverage Act of 2020
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
ThompsonSponsor10 cosponsors · 10 D
D
Cisneros
TC
D
Cox
JG
D
Garamendi
AH
D
Hastings
JM
D
McNerney
GN
D
Napolitano
KP
D
Porter
RK
D
Khanna
SC
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Cohen
CC
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Crist6 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill requires insurers that provide business interruption coverage to insure as part of this coverage losses from a viral pandemic, a government-ordered business closure or evacuation, or a power disruption conducted for public safety purposes.
What it does: CRS summary · Introduced in House · Apr 14, 2020
Business Interruption Insurance Coverage Act of 2020
This bill requires insurers that provide business interruption coverage to insure as part of this coverage losses from a viral pandemic, a government-ordered business closure or evacuation, or a power disruption conducted for public safety purposes.
The bill also nullifies provisions in a business interruption insurance contract in force on the date of enactment that exclude such an event from coverage. An insurer may reinstate such an exclusion if (1) the insured authorizes the reinstatement in writing, or (2) the insured fails to pay the corresponding premium increase after adequate notice by the insurer of such an increase.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Business Interruption Insurance Coverage Act of 2020
Latest action (Apr 14, 2020): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Apr 14, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.