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United States · Bill · S

S. 2600 (107th)

Terrorism Risk Insurance Act of 2002

openUnited States· United States Congress· EN

Introduced

7 June 2002

Last action

25 July 2002 · Floor

Status

See also H.R. 3210.

Sponsors

Sen. Dodd, Christopher J. [D-CT], Sen. Sarbanes, Paul S. [D-MD], Sen. Schumer, Charles E. [D-NY], Sen. Reid, Harry [D-NV], Sen. Corzine, Jon S. [D-NJ], Sen. Clinton, Hillary Rodham [D-NY], Sen. Mikulski, Barbara A. [D-MD]

Subjects

Discovery layer

Source updated

7 April 2025

Official sourceDownload fileView documentsShare

Summary

Terrorism Risk Insurance Act of 2002 - Establishes in the Department of the Treasury the Terrorism Insured Loss Shared Compensation Program, administered by the Secretary of the Treasury, who shall have general Program authorities. Prescribes guidelines for: (1) mandatory insurance company participation in the Program; and (2) mandatory availability of property and casualty insurance. Sets a Program termination date. Expresses the sense of the Congress that the Secretary should make any determination to extend such Program in sufficient time to enable participating insurance companies to include coverage for acts of terrorism in their policies for 2003. Expresses the sense of the Congress that the insurance industry should build capacity and aggregate risk to provide affordable property and casualty insurance coverage for terrorism risk. Establishes a Federal cause of action for property damage, personal injury, or death arising out of or resulting from an act of terrorism, which shall be the exclusive cause of action and remedy for claims for such property damage, personal injury, or death (except for claims against terrorists or aiders and abettors, including governments and other entities).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 7 June 2002

    Introduced

    Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

    Source: Calendars

  2. 7 June 2002

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 10 June 2002

    Calendars

    Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 410.

    Source: Calendars

  4. 13 June 2002

    Floor

    Measure laid before Senate by unanimous consent. (consideration: CR S5472-5501, S5503-5513, S5514-5528)

    Source: Floor

  5. 14 June 2002

    Floor

    Considered by Senate. (consideration: CR S5573-5574, S5575-5577)

    Source: Floor

  6. 17 June 2002

    Floor

    Considered by Senate. (consideration: CR S5624-5627)

    Source: Floor

  7. 18 June 2002

    Floor

    Considered by Senate. (consideration: CR S5643-5650, S5662, S5656-5659, S5662-5663, S5664-5673)

    Source: Floor

  8. 18 June 2002

    Vote

    Passed/agreed to in Senate: Passed Senate with amendments by Yea-Nay Vote. 84 - 14. Record Vote Number: 157.(text as passed Senate: CR S5669-5673)

    Source: Floor

  9. 19 June 2002

    Floor

    Held at the desk.

    Source: Floor

  10. 19 June 2002

    Floor

    Received in the House.

    Source: Floor

  11. 19 June 2002

    Floor

    Message on Senate action sent to the House.

    Source: Floor

  12. 25 July 2002

    Floor

    Senate incorporated this measure in H.R. 3210 as an amendment.

    Source: Floor

Votes

18 June 2002 · Bill Passed · On Passage of the Bill S. 2600 · Bill Passed · Official source

Yes 84 · No 14 · Abstain — · Absent/not voting 2

Showing the first 4 recorded positions. Vote totals above are complete.

Versions

Documents

6 official files

Engrossed in Senate (text)

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  • Engrossed in Senate (text)

    Engrossed in Senate · EN · 18 June 2002

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  • Engrossed in Senate (PDF)

    Engrossed in Senate · EN · 18 June 2002

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  • Passed Senate amended

    summary · EN · 18 June 2002

    Open at official source

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  • Placed on Calendar Senate (text)

    Placed on Calendar Senate · EN · 10 June 2002

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  • Placed on Calendar Senate (PDF)

    Placed on Calendar Senate · EN · 10 June 2002

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  • Introduced in Senate

    summary · EN · 7 June 2002

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Sponsors

Related records

Showing 9 of 55 related records.

Sources

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