Business Interruption Insurance Coverage Act of 2020
Latest action · Apr 14, 2020 Referred to the House Committee on Financial Services.
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.
- IntroducedApr 14, 2020
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Business Interruption Insurance Coverage Act of 2020
This bill requires insurers that provide business interruption coverage to insure as part of this coverage losses from a viral pandemic, a government-ordered business closure or evacuation, or a power disruption conducted for public safety purposes.
The bill also nullifies provisions in a business interruption insurance contract in force on the date of enactment that exclude such an event from coverage. An insurer may reinstate such an exclusion if (1) the insured authorizes the reinstatement in writing, or (2) the insured fails to pay the corresponding premium increase after adequate notice by the insurer of such an increase.
Cosponsors 13
Members who signed on, in the order they did. Signatures ran from Apr 14, 2020 to May 8, 2020, with 9 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-FL | Alcee L. Hastings | Original | Apr 14, 2020 |
| D-FL | Darren Soto | Original | Apr 14, 2020 |
| D-CA | Gilbert Ray Cisneros, Jr. | Original | Apr 14, 2020 |
| D-CA | Grace F. Napolitano | Original | Apr 14, 2020 |
| D-CA | Jerry McNerney | Original | Apr 14, 2020 |
| D-CT | John B. Larson | Original | Apr 14, 2020 |
| D-CA | John Garamendi | Original | Apr 14, 2020 |
| R-AL | Mike Rogers | Original | Apr 14, 2020 |
| D-CA | TJ Cox | Original | Apr 14, 2020 |
| D-CA | Katie Porter | Apr 21, 2020 | |
| D-CA | Ro Khanna | May 1, 2020 | |
| D-FL | Charlie Crist | May 8, 2020 | |
| D-TN | Steve Cohen | May 8, 2020 |
Actions 2
Everything that happened, newest first.
- Apr 14, 2020Introduced in House
- Apr 14, 2020Referred to the House Committee on Financial Services.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Contracts and agency
- Electric power generation and transmission
- Emergency medical services and trauma care
- Emergency planning and evacuation
- Federal preemption
- Finance and Financial Sector
- Infectious and parasitic diseases
- Insurance industry and regulation
- Life, casualty, property insurance
- Public utilities and utility rates
- State and local government operations
Text 1
Each version as it was printed, newest first.
- Apr 14, 2020Introduced in House
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.