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Terrorism Risk Insurance Act of 2002

Introduced: June 7, 2002 See on congress.gov
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 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
 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).

What's happening now July 25, 2002

See also H.R. 3210.

 Cosponsors 1
All 1 Democratic 1