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S. 2600 107th Congress Senate

Terrorism Risk Insurance Act of 2002

Official title: A bill to ensure the continued financial capacity of insurers to provide coverage for risks from terrorism.

Introduced: June 7, 2002 See on congress.gov
Finance and Financial Sector Administrative procedureAlien propertyArmed Forces and National SecurityArms sales
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AuditingBusiness insuranceBusiness lossesCasualty insuranceChoice of lawCivil actions and liabilityClaimsCoinsuranceCommerceCompensation (Law)CongressCongressional investigationsCongressional reporting requirementsCrime and Law EnforcementDamagesDepartment of the TreasuryEBB TerrorismEconomic impact statementsEconomics and Public FinanceFederal preemptionForeign Trade and International FinanceGovernment Operations and PoliticsGovernment liabilityGovernment publicityGovernmental investigationsInsurance companiesInsurance premiumsInsurance ratesInternational AffairsInternational claimsIranLawLiability insuranceLife insuranceLocation of industriesLossesMiddle East and North AfricaMunicipal politics and governmentProperty insurancePunitive damagesReinsuranceRelocationSearches and seizuresSelf-insuranceState lawsState-sponsored terrorismSubsidiesTerrorismTortsVictims of terrorism
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 16 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 25, 2002
See also H.R. 3210.
Jul 25, 2002
Senate incorporated this measure in H.R. 3210 as an amendment.
Jun 19, 2002
Held at the desk.
Jun 19, 2002
Received in the House.
Jun 19, 2002
Message on Senate action sent to the House.
Jun 18, 2002
Passed Senate with amendments by Yea-Nay Vote. 84 - 14. Record Vote Number: 157. (text as passed Senate: CR S5669-5673)
Jun 18, 2002
Passed/agreed to in Senate: Passed Senate with amendments by Yea-Nay Vote. 84 - 14. Record Vote Number: 157.(text as passed Senate: CR S5669-5673)
Jun 18, 2002
Cloture on the bill invoked in Senate by Yea-Nay Vote. 65 - 31. Record Vote Number: 156.
Jun 18, 2002
Considered by Senate. (consideration: CR S5643-5650, S5662, S5656-5659, S5662-5663, S5664-5673)
Jun 17, 2002
Considered by Senate. (consideration: CR S5624-5627)
Jun 14, 2002
Cloture motion on the measure presented in Senate.
Jun 14, 2002
Considered by Senate. (consideration: CR S5573-5574, S5575-5577)
Jun 13, 2002
Measure laid before Senate by unanimous consent. (consideration: CR S5472-5501, S5503-5513, S5514-5528)
Jun 10, 2002
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 410.
Jun 7, 2002
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Jun 7, 2002
Introduced in Senate
 Amendments to this bill 54

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

18 agreed to 31 with no recorded outcome 5 withdrawn or other

AmendmentSponsorPurposeStatusLatest action
SAMDT 3,890 – To improve the bill. Agreed to Jun 18, 2002
SAMDT 3,889 – To improve the bill. Agreed to Jun 18, 2002
SAMDT 3,887 – To improve the bill. Agreed to Jun 18, 2002
SAMDT 3,886 – To improve the bill. Agreed to Jun 18, 2002
SAMDT 3,885 – To improve the bill. Agreed to Jun 18, 2002
SAMDT 3,884 – To improve the bill. Agreed to Jun 18, 2002
SAMDT 3,883 – To improve the bill. Agreed to Jun 18, 2002
SAMDT 3,881 – To improve the bill. Agreed to Jun 18, 2002
SAMDT 3,879 – To improve the bill. Agreed to Jun 18, 2002
SAMDT 3,878 – To improve the bill. Agreed to Jun 18, 2002
SAMDT 3,877 – To improve the bill. Agreed to Jun 18, 2002
SAMDT 3,876 – To improve the bill. Agreed to Jun 18, 2002
SAMDT 3,875 – To improve the bill. Agreed to Jun 18, 2002
SAMDT 3,874 – To improve the bill. Agreed to Jun 18, 2002
SAMDT 3,872 – To improve the bill. Agreed to Jun 18, 2002
SAMDT 3,862 – To provide for procedures for civil actions, and for other purposes. Ruled out of order Jun 18, 2002
SAMDT 3,844 – To prohibit the patentability of human organisms, and for other purposes. Ruled out of order Jun 18, 2002
SAMDT 3,843 – To prohibit the patentability of human organisms, and for other purposes. Ruled out of order Jun 18, 2002
SAMDT 3,842 – To implement the International Convention for the Suppression of Terrorist Bombings to strengthen criminal la… Withdrawn Jun 14, 2002
SAMDT 3,838 – To provide for satisfaction of judgements from frozen assets of terrorists, terrorist organizations, and Stat… Agreed to Jun 14, 2002
SAMDT 3,839 – To implement the International Convention for the Suppression of Terrorist Bombings to strengthen criminal la… Withdrawn Jun 13, 2002
SAMDT 3,836 McConnell, Mitch To provide for procedures for civil actions, and for other purposes. Agreed to Jun 13, 2002
SAMDT 3,834 – To restrict insurance rate increases for terrorism risks. Agreed to Jun 13, 2002
SAMDT 3,892 – – No recorded outcome –
SAMDT 3,891 – – No recorded outcome –
SAMDT 3,888 – – No recorded outcome –
SAMDT 3,882 – – No recorded outcome –
SAMDT 3,880 – – No recorded outcome –
SAMDT 3,873 – – No recorded outcome –
SAMDT 3,871 – – No recorded outcome –
SAMDT 3,870 – – No recorded outcome –
SAMDT 3,869 – – No recorded outcome –
SAMDT 3,868 – – No recorded outcome –
SAMDT 3,867 – – No recorded outcome –
SAMDT 3,866 – – No recorded outcome –
SAMDT 3,865 – – No recorded outcome –
SAMDT 3,864 – – No recorded outcome –
SAMDT 3,863 – – No recorded outcome –
SAMDT 3,861 – – No recorded outcome –
SAMDT 3,860 – – No recorded outcome –
SAMDT 3,859 – – No recorded outcome –
SAMDT 3,858 – – No recorded outcome –
SAMDT 3,857 – – No recorded outcome –
SAMDT 3,856 – – No recorded outcome –
SAMDT 3,855 – – No recorded outcome –
SAMDT 3,854 – – No recorded outcome –
SAMDT 3,853 – – No recorded outcome –
SAMDT 3,852 – – No recorded outcome –
SAMDT 3,851 – – No recorded outcome –
SAMDT 3,850 McConnell, Mitch – No recorded outcome –

Showing the 50 most recent of 54 amendments.

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 Latest action July 25, 2002

See also H.R. 3210.

 Plain-English summary Congressional Research Service
Terrorism Risk Insurance Act of 2002 - Establishes in the Department of the Treasury the Terrorism Insured Loss Shared Compensation Program, administered by the Secretary of the Treasury, who shall have general Program authorities.

Prescribes guidelines for: (1) mandatory insurance company participation in the Program; and (2) mandatory availability of property and casualty insurance.

Sets a Program termination date.

Expresses the sense of the Congress that the Secretary should make any determination to extend such Program in sufficient time to enable participating insurance companies to include coverage for acts of terrorism in their policies for 2003.

Expresses the sense of the Congress that the insurance industry should build capacity and aggregate risk to provide affordable property and casualty insurance coverage for terrorism risk.

Establishes a Federal cause of action for property damage, personal injury, or death arising out of or resulting from an act of terrorism, which shall be the exclusive cause of action and remedy for claims for such property damage, personal injury, or death (except for claims against terrorists or aiders and abettors, including governments and other entities).

 Related & companion bills 1
  • HR 3210 Terrorism Risk Insurance Act of 2002
 Bill text 2 versions

Source documents hosted by congress.gov.

 Cosponsors 1
All 1 Democratic 1
D
Schumer, Charles E.
New York · Jun 7, 2002
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2600: Terrorism Risk Insurance Act of 2002. 107th Congress. Open America. https://openamerica.io/bill/107-S-2600/
MLA
"S. 2600: Terrorism Risk Insurance Act of 2002." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-2600/.
Bluebook (legal)
S. 2600, 107th Cong. (2026), https://openamerica.io/bill/107-S-2600/.
Markdown link
[S. 2600: Terrorism Risk Insurance Act of 2002](https://openamerica.io/bill/107-S-2600/)
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