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Terrorism Risk Insurance Extension Act of 2005

Introduced: February 18, 2005 See on congress.gov
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 Everywhere this bill has been 39 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 22, 2005
Became Public Law No: 109-144.
Dec 22, 2005
Signed by President.
Dec 19, 2005
Presented to President.
Dec 17, 2005
Cleared for White House.
Dec 17, 2005
Motion to reconsider laid on the table Agreed to without objection.
Dec 17, 2005
On motion that the House suspend the rules and agree to the Senate amendment to the House amendment Agreed to by voice vote. (text as House agreed to Senate amendment: CR H12136)
Dec 17, 2005
Resolving differences -- House actions: On motion that the House suspend the rules and agree to the Senate amendment to the House amendment Agreed to by voice vote.(text as House agreed to Senate amendment: CR H12136)
Dec 17, 2005
DEBATE - The House proceeded with forty minutes of debate on the motion to suspend the rules and agree to the Senate amendment to the House amendment to S. 467.
Dec 17, 2005
Mr. Oxley moved that the House suspend the rules and agree to the Senate amendment to the House amendment. (consideration: CR H12135-12141)
Dec 16, 2005
Message on Senate action sent to the House.
Dec 16, 2005
Senate concurred in House amendment with an amendment (SA 2689) Unanimous Consent. (consideration: CR S13931-13934; text as Senate agreed to House amendment with amendment: CR S13933)
Dec 16, 2005
Resolving differences -- Senate actions: Senate concurred in House amendment with an amendment (SA 2689) Unanimous Consent.(consideration: CR S13931-13934; text as Senate agreed to House amendment with amendment: CR S13933)
Dec 12, 2005
Message on House action received in Senate and at desk: House amendment to Senate bill.
Dec 7, 2005
The Speaker appointed a conferee for consideration of the Senate bill and the House amendment, and modifications committed to conference: Sessions.
Dec 7, 2005
The Speaker appointed conferees - from the Committee on the Judiciary for consideration of secs. 2 and 6 of the Senate bill and modifications committed to conference: Sensenbrenner, Goodlatte, and Conyers.
Dec 7, 2005
The Speaker appointed conferees Provided that Mr. Israel is appointed in lieu of Mr. Capuano for consideration of secs. 4, 5, and 7 of the Senate bill, and secs. 103 and 105 of the House amendment, and modifications committed to conference.
Dec 7, 2005
The Speaker appointed conferees - from the Committee on Financial Services for consideration of the Senate bill and the House amendment, and modifications committed to conference: Oxley, Baker, Pryce (OH), Kelly, Kanjorski, Capuano, and Crowley.
Dec 7, 2005
On motion that the House insist upon its amendment, and request a conference Agreed to without objection.
Dec 7, 2005
Mr. Oxley moved that the House insist upon its amendment, and request a conference.
Dec 7, 2005
Motion to reconsider laid on the table Agreed to without objection.
Dec 7, 2005
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 371 - 49 (Roll no. 612). (text: CR H11130-11135)
Dec 7, 2005
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 371 - 49 (Roll no. 612).(text: CR H11130-11135)
Dec 7, 2005
Considered as unfinished business. (consideration: CR H11147)
Dec 7, 2005
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Dec 7, 2005
DEBATE - The House proceeded with forty minutes of debate on S. 467.
Dec 7, 2005
Considered under suspension of the rules. (consideration: CR H11130-11141)
Dec 7, 2005
Mr. Oxley moved to suspend the rules and pass the bill, as amended.
Nov 18, 2005
Held at the desk.
Nov 18, 2005
Message on Senate action sent to the House.
Nov 18, 2005
Received in the House.
Nov 18, 2005
Passed Senate with an amendment by Unanimous Consent.
Nov 18, 2005
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
Nov 18, 2005
Measure laid before Senate by unanimous consent. (consideration: CR 11/17/2005 S13277-13282; text of measure as reported in Senate: CR 11/17/2005 S13277-13278)
Nov 16, 2005
Placed on Senate Legislative Calendar under General Orders. Calendar No. 287.
Nov 16, 2005
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Shelby with an amendment in the nature of a substitute. Without written report.
Nov 16, 2005
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Jul 29, 2005
Sponsor introductory remarks on measure. (CR S9424)
Feb 18, 2005
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S1723-1724)
Feb 18, 2005
Introduced in Senate
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Dec 7, 2005 House · vote #612 On Motion to Suspend the Rules and Pass, as Amended Passed 371–49 See who voted →
 Plain-English summary Congressional Research Service

Terrorism Risk Insurance Extension Act of 2005 - Amends the Terrorism Risk Insurance Act of 2002 to extend the terrorism risk insurance program from 2005 through 2007.

Raises the property and casualty insurance loss threshold that qualifies for certification by the Secretary of the Treasury as an act of terrorism with respect to Program Year 4 and Program Year 5.

Defines Program Year 5 as ending on December 31, 2007.

Excludes from covered lines of insurance: (1) commercial automobile insurance; (2) burglary and theft insurance; (3) surety insurance; (4) professional liability insurance; and (5) farm owners multiple peril insurance.

Prescribes formulae for insurer deductibles for Program Years 4 and 5.

Sets the federal share of insured loss compensation for Program Year 5 at 85% (Year 4 is currently 90%) of the amount of insured losses exceeding the applicable insurer deductible.

Specifies for Program Years 4 and 5 increasing maximum aggregate retention amounts in the formula for mandatory recoupment of the federal share of insured loss compensation paid.

States that procedures and requirements for advance approval of settlements established by the Secretary are applicable to any cause of action for damages in connection with a determination by the Secretary that an act of terrorism has occurred.

Directs the President's Working Group on Financial Markets to analyze and report to certain congressional committees on the long-term availability and affordability of insurance for terrorism risk, including: (1) group life coverage; and (2) coverage for chemical, nuclear, biological, and radiological events.

What's happening now December 22, 2005

Became Public Law No: 109-144.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 4