Never Again Small Business Protection Act of 2020

Summary

Never Again Small Business Protection Act of 2020 This bill requires that insurers offering business interruption coverage must offer additional coverage for losses that result from business interruption due to a government order to close during a national emergency. This coverage does not apply to losses incurred by an otherwise qualified business if that business involuntarily terminated the health care or the employment of an employee during the national emergency period. An insurer may exclude this additional coverage from a contract for business interruption coverage if the insured agrees in writing, or if the insured fails to pay the corresponding premium increase. This bill is effective only upon certification by the Department of the Treasury that a federal backstop exists to serve as a mechanism to reinsure insurers against excessive losses as a result of these requirements.

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Timeline

1. 14 April 2020

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 14 April 2020

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 April 2020

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 April 2020 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 April 2020

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 April 2020

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 14 April 2020

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Fitzpatrick, Brian K. [R-PA-1] · R · Sponsor
• Rep. Cisneros, Gilbert Ray [D-CA-31] · D · Sponsor
• Rep. Hurd, Will [R-TX-23] · R · Sponsor
• Rep. Suozzi, Thomas R. [D-NY-3] · D · Sponsor
• Rep. Phillips, Dean [D-MN-3] · D · Cosponsor
• Rep. Harder, Josh [D-CA-9] · D · Cosponsor
• Rep. Cohen, Steve [D-TN-9] · D · Cosponsor
• · hsba00 · Standing

Related records

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