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S 2621 110th Congress Senate Finance and Financial Sector Business insurance Casualty insurance Commerce Crime and Law Enforcement Insurance companies Insurance premiums Property insurance Terrorism

Terrorism Risk Insurance Improvement Act of 2008

Introduced: February 11, 2008 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 11, 2008
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 11, 2008
Introduced in Senate
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 Plain-English summary Congressional Research Service

Terrorism Risk Insurance Improvement Act of 2008 - Amends the Terrorism Risk Insurance Act of 2002 to revise the definition of "insurer deductible" with respect to a situation where aggregate industry insured losses resulting from a certified act of terrorism exceed $1 billion for an insurer that sustains any of such losses.

Sets forth a calculation for the value of such an insurer's direct earned premiums over the calendar year immediately preceding the program year.

What's happening now February 11, 2008

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 1
  • HR 4721 Related bill Terrorism Risk Insurance Improvement Act of 2007
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2621: Terrorism Risk Insurance Improvement Act of 2008. 110th Congress. Open America. https://openamerica.io/bill/110-S-2621/
MLA
"S. 2621: Terrorism Risk Insurance Improvement Act of 2008." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-2621/.
Bluebook (legal)
S. 2621, 110th Cong. (2026), https://openamerica.io/bill/110-S-2621/.
Markdown link
[S. 2621: Terrorism Risk Insurance Improvement Act of 2008](https://openamerica.io/bill/110-S-2621/)
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