Home > 106th Congressional Bills > H.R. 4773 (ih) To provide for the conservation and rebuilding of overfished stocks of Atlantic highly migratory species of fish, and for other purposes. [Introduced in House] ...

H.R. 4773 (ih) To provide for the conservation and rebuilding of overfished stocks of Atlantic highly migratory species of fish, and for other purposes. [Introduced in House] ...


Google
 
Web GovRecords.org







108th CONGRESS
  2d Session
                                H. R. 4772

            To extend the terrorism risk insurance program.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              July 7, 2004

 Mr. Capuano (for himself, Mr. Israel, Mr. Frank of Massachusetts, Mr. 
  Kanjorski, Mr. Gutierrez, Mr. Frost, Mrs. Maloney, Ms. Waters, Mr. 
 Crowley, Mr. Moore, Ms. Hooley of Oregon, Mr. Meeks of New York, Mrs. 
  McCarthy of New York, Mr. Emanuel, Mr. Sherman, Mr. Miller of North 
  Carolina, Mr. Inslee, Mr. Scott of Georgia, Mr. Lynch, Mr. Davis of 
  Alabama, Mr. Watt, Mr. Matheson, Mr. Bell, Mr. Clay, Mr. Ross, Mr. 
  Gonzalez, Mr. Kind, and Mr. Sandlin) introduced the following bill; 
       which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
            To extend the terrorism risk insurance program.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Terrorism Risk Insurance Program 
Extension Act of 2004''.

SEC. 2. PROGRAM YEARS.

    Paragraph (11) of section 102 of the Terrorism Risk Insurance Act 
of 2002 (15 U.S.C. 6701 note) is amended by adding at the end the 
following new subparagraphs:
                    ``(E) Program year 4.--The term `Program Year 4' 
                means the period beginning on January 1, 2006 and 
                ending on December 31, 2006.
                    ``(F) Program year 5.--The term `Program Year 5' 
                means the period beginning on January 1, 2007 and 
                ending on December 31, 2007.
                    ``(G) Final program year.--The term `Final Program 
                Year' means the period beginning on January, 1, 2008 
                and ending on December 31, 2008.''.

SEC. 3. APPLICABILITY OF PROGRAM TO FINAL PROGRAM YEAR.

    Paragraph (5) of section 102 of the Terrorism Risk Insurance Act of 
2002 (15 U.S.C. 6701 note) is amended--
            (1) by redesignating subparagraphs (A) and (B) as clauses 
        (i) and (ii) and realigning such paragraphs, as so 
        redesignated, so as to be indented 6 ems from the left margin;
            (2) by striking all of the matter that precedes 
        subparagraph (A) and inserting the following:
            ``(5) Insured loss.--
                    ``(A) In general.--The term `insured loss' means 
                any loss resulting from an act of terrorism (including 
                an act of war, in the case of workers' compensation) 
                that is covered by primary or excess property and 
                casualty insurance issued by an insurer if such loss--
                ''; and
            (3) by adding at the end the following new subparagraph:
                    ``(B) Final program year.--With respect to the 
                Final Program Year, such term means only such losses as 
                are described in subparagraph (A) that are covered by 
                primary or excess property and casualty insurance 
                that--
                            ``(i) is issued before January 1, 2008; and
                            ``(ii) expires not later than December 31, 
                        2008.''.

SEC. 4. INSURER DEDUCTIBLE.

    Paragraph (7) of section 102 of the Terrorism Risk Insurance Act of 
2002 (15 U.S.C. 6701 note) is amended--
            (1) by striking subparagraph (D) and inserting the 
        following new subparagraph:
                    ``(D) for Program Years 3, 4, and 5, the value of 
                an insurer's direct earned premiums over the calendar 
                year immediately preceding such Program Year, 
                multiplied by 15 percent;'';
            (2) in subparagraph (E)--
                    (A) by striking ``or Program Year 3'' and inserting 
                ``Program Year 3, Program Year 4, or Program Year 5''; 
                and
                    (B) by striking the period at the end and inserting 
                ``; and''; and
            (3) by adding at the end the following new subparagraph:
                    ``(F) for the Final Program Year, the value of an 
                insurer's direct earned premiums for the terms 
                remaining under any policies for insurance described in 
                paragraph (5)(B) as of the occurrence of the act of 
                terrorism during such Year that results in insured 
                losses, as determined by the Secretary, multiplied by 
                15 percent.''.

SEC. 5. MANDATORY AVAILABILITY.

    Subsection (c) of section 103 of the Terrorism Risk Insurance Act 
of 2002 (15 U.S.C. 6701 note) is amended--
            (1) by striking all of the matter that precedes 
        subparagraph (A) of paragraph (1) and inserting the following:
    ``(c) Mandatory Availability.--During the period beginning on the 
first day of the Transition Period and ending on the last day of 
Program Year 5, each entity that meets the definition of an insurer 
under section 102--'';
            (2) by striking paragraph (2); and
            (3) by redesignating subparagraphs (A) and (B) as 
        paragraphs (1) and (2) and realigning such paragraphs, as so 
        redesignated, so as to be indented 2 ems from the left margin.

SEC. 6. INSURED LOSS SHARED COMPENSATION.

    Subsection (e) of section 103 of the Terrorism Risk Insurance Act 
of 2002 (15 U.S.C. 6701 note) is amended--
            (1) in paragraph (2)(A), by striking ``or Program Year 3'' 
        and inserting ``, Program Year 3, Program Year 4, Program Year 
        5, or the Final Program Year'';
            (2) in paragraph (3), by striking ``or Program Year 3'' and 
        inserting ``, Program Year 3, Program Year 4, Program Year 5, 
        or the Final Program Year''; and
            (3) in paragraph (6)(C), by striking ``Program Year 3'' and 
        inserting ``each of Program Year 3, Program Year 4, Program 
        Year 5, and the Final Program Year''.

SEC. 7. COVERAGE OF GROUP LIFE INSURANCE.

    (a) In General.--Section 102(5) of the Terrorism Risk Insurance Act 
of 2002 (15 U.S.C. 6701 note) is amended in the matter that precedes 
subparagraph (A) by inserting ``or group life insurance'' after 
``property and casualty insurance''.
    (b) Technical and Conforming Amendments.--The Terrorism Risk 
Insurance Act of 2002 (15 U.S.C. 6701 note) is amended--
            (1) in section 102(1)(B)(ii), by inserting ``and group life 
        insurance'' after ``property and casualty insurance'';
            (2) in section102(4), by inserting ``or group life 
        insurance'' after ``property and casualty insurance'';
            (3) in section 102(6)(B), by inserting ``or group life 
        insurance coverage'' after ``property and casualty insurance 
        coverage'';
            (4) in section 102(12)(B)(v), by striking ``including group 
        life insurance'' and inserting ``(except that this exclusion 
        from the definition under this paragraph shall not be construed 
        as affecting the inclusion of group life insurance coverage 
        within the Program under this title)'';
            (5) in section 103(e)(8)(A)(i), by inserting ``and group 
        life insurance policies'' after ``property and casualty 
        insurance policies'';
            (6) in subparagraphs (A)(iii) and (C) of section 103(e)(8), 
        by inserting ``, or group life insurance coverage, as the case 
        may be,'' after ``property and casualty insurance coverage'';
            (7) in section 103--
                    (A) by striking subsection (h); and
                    (B) by redesignating subsection (i) as subsection 
                (h); and
            (8) in paragraph (1) of section 108(d), by inserting ``and 
        the group life insurance industry'' after ``property and 
        casualty insurance industry'' .

SEC. 8. TERMINATION OF PROGRAM.

    Section 108 of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 
6701 note) is amended--
            (1) in subsection (a), striking ``December 31, 2005'' and 
        inserting ``December 31, 2008''; and
            (2) in subsection (d), by adding at the end the following 
        new paragraph:
            ``(3) Final gao study and report.--The Comptroller General 
        of the United States shall conduct an assessment of the matters 
        referred to in paragraph (1) and shall submit a report to the 
        Congress, not later than June 30, 2007, on the results of such 
        study.''.
                                 <all>

Pages: 1

Other Popular 106th Congressional Bills Documents:

1 H.R. 1294 (ih) To amend the Internal Revenue Code of 1986 to extend the period for filing for a credit or refund of individual income taxes from 3 to 7 years. [Introduced in House] ...
2 H.R. 169 (ih) To amend the Packers and Stockyards Act, 1921, to expand the pilot investigation for the collection of information regarding prices paid for the procurement of cattle and sheep for slaughter and of muscle cuts of beef and lamb to include swi...
3 H.R. 4461 (pcs) Making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 2001, and for other purposes. [Placed on Calendar Senate] ...
4 S. 1865 (rs) To provide grants to establish demonstration mental health courts. [Reported in Senate] ...
5 H.J.Res. 12 (ih) Expressing the sense of Congress with respect to the censure of William Jefferson Clinton. [Introduced in House] ...
6 H.R. 4040 (eh) To amend title 5, United States Code, to provide for the establishment of a program under which long-term care insurance is made available to Federal employees, members of the uniformed services, and civilian and military retirees, and for...
7 S. 2897 (is) To amend the Internal Revenue Code of 1986 to allow the use of completed contract method of accounting in the case of certain long- term naval vessel construction contracts. [Introduced in Senate] ...
8 H.R. 1431 (ih) To reauthorize and amend the Coastal Barrier Resources Act. [Introduced in House] ...
9 S. 1123 (is) To amend the Federal Food, Drug, and Cosmetic Act to improve the safety of imported food, and for other purposes. [Introduced in Senate] ...
10 H.R. 4564 (ih) To amend the Elementary and Secondary Education Act of 1965, to reauthorize and make improvements to that Act, and for other purposes. [Introduced in House] ...
11 S.Con.Res. 117 (rs) Commending the Republic of Slovenia for its partnership with the United States and NATO, and expressing the sense of Congress that Slovenia's accession to NATO would enhance NATO's security, and for other purposes. [Reported in Senate]...
12 S. 2509 (is) For the relief of Rose-Marie Barbeau-Quinn. [Introduced in Senate] ...
13 H.J.Res. 3 (ih) Proposing an amendment to the Constitution of the United States to permit the Congress to limit expenditures in elections for Federal office. [Introduced in House] ...
14 S.Res. 48 (ats) Designating the week beginning March 7, 1999, as ``National Girl Scout Week''. [Agreed to Senate] ...
15 H.R. 1776 (rh) To expand homeownership in the United States. [Reported in House] ...
16 S. 1088 (rs) To authorize the Secretary of Agriculture to convey certain administrative sites in national forests in the State of Arizona, to convey certain land to the City of Sedona, Arizona for a wastewater treatment facility, and for other purposes. [...
17 H.Res. 568 (ih) Raising a question of the privilege of the House pursuant to article I, section 7, of the U.S. Constitution. [Introduced in House] ...
18 H.R. 2724 (eas) [Engrossed Amendment Senate] ...
19 S. 28 (rs) To authorize an interpretive center and related visitor facilities within the Four Corners Monument Tribal Park, and for other purposes. [Reported in Senate] ...
20 H.R. 1102 (rs) To provide for pension reform, and for other purposes. [Reported in Senate] ...
21 H.Res. 599 (rh) Waiving a requirement of clause 6(a) of rule XIII with respect to consideration of certain resolutions reported from the Committee on Rules. [Reported in House] ...
22 H.Res. 51 (ih) Recognizing the suffering and hardship endured by American civilian prisoners of war during World War II. [Introduced in House] ...
23 H.R. 559 (ih) To provide for the continuation of the United States Advisory Commission on Public Diplomacy. [Introduced in House] ...
24 S. 2239 (rs) To authorize the Bureau of Reclamation to provide cost sharing for the endangered fish recovery implementation programs for the Upper Colorado River and San Juan River basins. [Reported in Senate] ...
25 H.R. 209 (eh) To improve the ability of Federal agencies to license federally owned inventions. [Engrossed in House] ...
26 H.J.Res. 72 (rh) Granting the consent of the Congress to the Red River Boundary Compact. [Reported in House] ...
27 S. 1453 (rs) To facilitate famine relief efforts and a comprehensive solution to the war in Sudan. [Reported in Senate] ...
28 H.R. 4449 (rs) To designate the facility of the United States Postal Service located at 1908 North Ellamont Street in Baltimore, Maryland, as the ``Dr. Flossie McClain Dedmond Post Office Building''. [Reported in Senate] ...
29 S. 1863 (is) To amend the Internal Revenue Code of 1986 to provide an incentive to small businesses to establish and maintain qualified pension plans by allowing a credit against income taxes for contributions to, and start- up costs of, the plan. [Introd...
30 S. 1454 (is) To amend the Internal Revenue Code of 1986 to expand the incentives for the construction and renovation of public schools and to provide tax incentives for corporations to participate in cooperative agreements with public schools in distresse...


Other Documents:

106th Congressional Bills Records and Documents

GovRecords.org presents information on various agencies of the United States Government. Even though all information is believed to be credible and accurate, no guarantees are made on the complete accuracy of our government records archive. Care should be taken to verify the information presented by responsible parties. Please see our reference page for congressional, presidential, and judicial branch contact information. GovRecords.org values visitor privacy. Please see the privacy page for more information.
House Rules:

104th House Rules
105th House Rules
106th House Rules

Congressional Bills:

104th Congressional Bills
105th Congressional Bills
106th Congressional Bills
107th Congressional Bills
108th Congressional Bills

Supreme Court Decisions

Supreme Court Decisions

Additional

1995 Privacy Act Documents
1997 Privacy Act Documents
1994 Unified Agenda
2004 Unified Agenda

Congressional Documents:

104th Congressional Documents
105th Congressional Documents
106th Congressional Documents
107th Congressional Documents
108th Congressional Documents

Congressional Directory:

105th Congressional Directory
106th Congressional Directory
107th Congressional Directory
108th Congressional Directory

Public Laws:

104th Congressional Public Laws
105th Congressional Public Laws
106th Congressional Public Laws
107th Congressional Public Laws
108th Congressional Public Laws

Presidential Records

1994 Presidential Documents
1995 Presidential Documents
1996 Presidential Documents
1997 Presidential Documents
1998 Presidential Documents
1999 Presidential Documents
2000 Presidential Documents
2001 Presidential Documents
2002 Presidential Documents
2003 Presidential Documents
2004 Presidential Documents

Home Executive Judicial Legislative Additional Reference About Privacy