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Terrorism Insurance Backstop Extension Act of 2004

Introduced: June 22, 2004 Introduced by: Sessions, Pete Republican · Texas See on congress.gov
 Everywhere this bill has been 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 18, 2004
Placed on the Union Calendar, Calendar No. 478.
Nov 18, 2004
Reported (Amended) by the Committee on Financial Services. H. Rept. 108-780.
Sep 29, 2004
Ordered to be Reported (Amended) by Voice Vote.
Sep 29, 2004
Committee Consideration and Mark-up Session Held.
Jun 28, 2004
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Jun 22, 2004
Referred to the House Committee on Financial Services.
Jun 22, 2004
Introduced in House
 Plain-English summary Congressional Research Service

Terrorism Insurance Backstop Extension Act of 2004 - Amends the Terrorism Risk Insurance Act of 2002 to define: (1) the term "Program Year 4" as the period from January 1, 2006, through December 31, 2006; and (2) the term "Program Year 5" as the period from January 1, 2007, through December 31, 2007 (thereby extending the terrorism risk insurance program from 2005 through 2007).

Sets a deadline for the Secretary of the Treasury to make a final determination regarding: (1) the availability of group life insurance to both insurers and consumers; and (2) whether certain provisions of the Act shall be applied to providers of group life insurance.

Sunsets the Terrorism Risk Insurance Program after December 31, 2007.

What's happening now November 18, 2004

Placed on the Union Calendar, Calendar No. 478.

 Committees of jurisdiction 2