Terrorism Risk Insurance Extension Act of 2004
Latest action · Jul 22, 2004 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 22, 2004
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Terrorism Insurance Extension Act of 2004 - Amends the Terrorism Risk Insurance Act of 2002 (TRIA) to extend the terrorism risk insurance program from 2005 through 2007.
Repeals the condition on the authority of the Secretary of the Treasury to pay or adjust compensation for insured losses after termination of the program that limits such losses to those arising from an act of terrorism occurring only during the period in which the program was in effect.
Defines "Program Year 4" as calendar 2006 and "Program Year 5" as calendar 2007.
Increases the insurance marketplace aggregate retention amount for Program Years 4 and 5.
Directs the Secretary to apply TRIA to providers of group life insurance.
Instructs the Presidential Working Group on Financial Markets to report to Congress its recommendations for legislation to address the long-term availability and affordability of insurance for terrorism risk.
Cosponsors 22
Members who signed on, in the order they did. Signatures ran from Jul 22, 2004 to Oct 6, 2004; 11 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NE | Ben Nelson | Original | Jul 22, 2004 |
| D-NY | Charles E. Schumer | Original | Jul 22, 2004 |
| R-NE | Chuck Hagel | Original | Jul 22, 2004 |
| R-NC | Elizabeth Dole | Original | Jul 22, 2004 |
| D-NV | Harry Reid | Original | Jul 22, 2004 |
| D-RI | Jack Reed | Original | Jul 22, 2004 |
| R-KY | Jim Bunning | Original | Jul 22, 2004 |
| R-RI | Lincoln Chafee | Original | Jul 22, 2004 |
| R-ID | Mike Crapo | Original | Jul 22, 2004 |
| R-UT | Robert F. Bennett | Original | Jul 22, 2004 |
| D-DE | Thomas R. Carper | Original | Jul 22, 2004 |
| D-IN | Evan Bayh | Sep 14, 2004 | |
| R-OR | Gordon H. Smith | Sep 14, 2004 | |
| D-NY | Hillary Rodham Clinton | Sep 14, 2004 | |
| D-NJ | Jon S. Corzine | Sep 14, 2004 | |
| R-IN | Richard G. Lugar | Sep 14, 2004 | |
| R-GA | Saxby Chambliss | Sep 14, 2004 | |
| D-LA | John B. Breaux | Sep 20, 2004 | |
| D-NJ | Frank R. Lautenberg | Sep 23, 2004 | |
| R-MN | Norm Coleman | Sep 23, 2004 | |
| D-GA | Zell Miller | Oct 5, 2004 | |
| D-MI | Debbie Stabenow | Oct 6, 2004 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Jul 23, 2004 |
Actions 3
Everything that happened, newest first.
- Jul 22, 2004Introduced in Senate
- Jul 22, 2004Sponsor introductory remarks on measure. (CR S8752-8753)
- Jul 22, 2004Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S8752–S8754 | Charles E. Schumer D-NY, Christopher J. Dodd D-CT, Robert F. Bennett R-UT | Jul 22, 2004 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| S. Hrg. 108-900 | EXAMINATION AND OVERSIGHT OF THE CONDITION AND REGULATION OF THE INSURANCE INDUSTRY104 pages | Banking, Housing, and Urban Affairs Committee | Sep 22, 2004 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to extend the applicability of the Terrorism Risk Insurance Act of 2002.
- Short Titles as Introduced
- Terrorism Risk Insurance Extension Act of 2004
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jul 22, 2004Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.