Terrorism Risk Insurance Act of 2002

Summary

Terrorism Risk Protection Act - Sets a deadline for the President to designate an Administrator (or Administrators) to implement this Act. Expresses the sense of Congress that, in determining the Administrator responsible for making determinations as to whether a loss was caused by an act of terrorism, the President should consider the appropriate role of the Assistant to the President for Homeland Security. Prescribes procedural guidelines under which such Administrator shall provide financial assistance (up to $100 billion) to commercial insurers to cover insured losses resulting from an act of terrorism. Amends the Internal Revenue Code to establish a terrorism reserve for commercial lines of insurance business. Expresses the sense of the Congress that: (1) the National Association of Insurance Commissioners (NAIC) should develop appropriate definitions for acts of terrorism and appropriate standards for making determinations regarding such acts; (2) each State should adopt those definitions and standards for purposes of regulating insurance coverage in that State; (3) the appropriate Administrator should advocate and promote the development of definitions and standards appropriate for purposes of this Act; and (4) after such consultation, the appropriate Administrator should adopt definitions for acts of terrorism and standards for determinations appropriate for this Act. Expresses the sense of the Congress that: (1) the NAIC should develop appropriate guidelines for commercial insurers and pools regarding maintenance of reserves against the risks of acts of terrorism; and (2) each State should adopt such guidelines for commercial insurers doing business in that State. Expresses the sense of the Congress that the States should require that the price of terrorism insurance coverage, including the costs of any terrorism related assessments or surcharges, be separately disclosed. Instructs the President to establish a commission to study and report to Congress on the potential effects of an act of terrorism on the life insurance industry in the United States and the markets served by such industry.

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

Timeline

1. 1 November 2001

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 1 November 2001

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 1 November 2001

   Introduced

   Introduced in House

   Source: IntroReferral

4. 1 November 2001

   Introduced

   Introduced in House

   Source: IntroReferral

5. 7 November 2001

   Reported

   Ordered to be Reported (Amended) by Voice Vote.

   Source: Committee

6. 7 November 2001

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

7. 16 November 2001

   Reported

   Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.

   Source: Committee

8. 16 November 2001

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

9. 19 November 2001

   Reported

   Reported (Amended) by the Committee on Financial Services. H. Rept. 107-300, Part I.

   Source: Committee

10. 19 November 2001

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 107-300, Part I.

    Source: Committee

11. 19 November 2001

    Introduced

    Referred sequentially to the House Committee on the Judiciary for a period ending not later than Nov. 26, 2001 for consideration of such provisions of the bill and amendment as fall within the jurisdiction of that committee pursuant to clause 1(k), rule X.

    Source: IntroReferral

12. 19 November 2001

    Introduced

    House Committee on The Budget Granted an extension for further consideration ending not later than Nov. 26, 2001.

    Source: IntroReferral

13. 26 November 2001

    Calendars

    Placed on the Union Calendar, Calendar No. 181.

    Source: Calendars

14. 26 November 2001

    Discharge

    Committee on The Budget discharged.

    Source: Discharge

15. 26 November 2001

    Committee

    Committee on The Budget discharged.

    Source: Committee

16. 28 November 2001

    Reported

    Rules Committee Resolution H. Res. 297 Reported to House. Rule provides for consideration of H.R. 3210 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. In lieu of the amendments recommended by the Committee on Financial Services and the Committee on Ways and Means, an amendment in the nature of a substitute consisting of the text of H.R. 3357 shall be considered as adopted. Measure will be considered read. A specified amendment is in order. The amendment in the nature of a substitute printed in the report of the Committee on Rules accompanying this resolution, if offered by Mr. LaFalce or his designee, shall be considered as read and debatable for one hour.

    Source: Floor

17. 29 November 2001

    Vote

    On motion to recommit with instructions Failed by recorded vote: 173 - 243 (Roll no. 463).

    Source: Floor

18. 29 November 2001

    Passed

    Rule H. Res. 297 passed House.

    Source: Floor

19. 29 November 2001

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

20. 29 November 2001

    Vote

    On passage Passed by recorded vote: 227 - 193 (Roll no. 464).

    Source: Floor

21. 29 November 2001

    Vote

    Passed/agreed to in House: On passage Passed by recorded vote: 227 - 193 (Roll no. 464).

    Source: Floor

22. 29 November 2001

    Floor

    The previous question on the motion to recommit with instructions was ordered without objection.

    Source: Floor

23. 29 November 2001

    Floor

    Rule provides for consideration of H.R. 3210 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. In lieu of the amendments recommended by the Committee on Financial Services and the Committee on Ways and Means, an amendment in the nature of a substitute consisting of the text of H.R. 3357 shall be considered as adopted. Measure will be considered read. A specified amendment is in order. The amendment in the nature of a substitute printed in the report of the Committee on Rules accompanying this resolution, if offered by Mr. LaFalce or his designee, shall be considered as read and debatable for one hour.

    Source: Floor

24. 29 November 2001

    Floor

    Mr. LaFalce moved to recommit with instructions to Financial Services.

    Source: Floor

25. 29 November 2001

    Floor

    The previous question was ordered pursuant to the rule.

    Source: Floor

26. 29 November 2001

    Reported

    Considered under the provisions of rule H. Res. 297. (consideration: CR H8572-8630; text of measure as reported in House: CR H8589-8592)

    Source: Floor

27. 30 November 2001

    Calendars

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

    Source: Calendars

28. 3 December 2001

    Calendars

    Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 252.

    Source: Calendars

29. 25 July 2002

    Floor

    Measure laid before Senate by unanimous consent.

    Source: Floor

30. 25 July 2002

    ResolvingDifferences

    Senate insists on its amendment, asks for a conference, appoints conferees Sarbanes; Dodd; Reed; Schumer; Gramm; Shelby; Enzi.

    Source: ResolvingDifferences

31. 25 July 2002

    Passed

    Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.

    Source: Floor

32. 27 July 2002

    ResolvingDifferences

    Mr. Oxley asked unanimous consent that the House disagree to the Senate amendment, and agree to a conference.

    Source: ResolvingDifferences

33. 27 July 2002

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: ResolvingDifferences

34. 27 July 2002

    ResolvingDifferences

    The Speaker appointed conferees - from the Committee on Financial Services for consideration of the House bill and the Senate amendment thereto, and modifications committed to conference: Oxley, Baker, Ney, Kelly, Shays, Fossella, Ferguson, LaFalce, Kanjorski, Bentsen, Maloney (CT), and Hooley.

    Source: ResolvingDifferences

35. 27 July 2002

    Passed

    On motion that the House disagree to the Senate amendment, and agree to a conference Agreed to without objection. (consideration: CR 7/26/2002 H5962, H5969)

    Source: ResolvingDifferences

36. 9 September 2002

    Floor

    NOTICE OF INTENT TO OFFER MOTION - Mr. Fossella notified the House of his intent to offer a motion to instruct conferees on H.R. 3210. The instructions contained in the motion seek to require the managers on the part of the House to agree to the provisions contained in section 11 of the Senate amendment, relating to satisfaction of judgements from frozen assets of terrorists, terrorist organizations, and state sponsors of terrorism.

    Source: Floor

37. 10 September 2002

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: ResolvingDifferences

38. 10 September 2002

    Vote

    On motion that the House instruct conferees Agreed to by the Yeas and Nays: 373 - 0 (Roll no. 379). (consideration: CR H6138-6139)

    Source: ResolvingDifferences

39. 10 September 2002

    Floor

    DEBATE - The House proceeded with one hour of debate on the motion to instruct conferees on H.R. 3210. The instructions contained in the motion seek to require the managers on the part of the House to agree to the provisions contained in section 11 of the Senate amendment, relating to satisfaction of judgements from frozen assets of terrorists, terrorist organizations, and state sponsors of terrorism.

    Source: Floor

40. 10 September 2002

    ResolvingDifferences

    Mr. Fossella asked unanimous consent that the House instruct conferees. (consideration: CR H6133-6137)

    Source: ResolvingDifferences

41. 13 November 2002

    Reported

    Rules Committee Resolution H. Res. 607 Reported to House. Rule provides for consideration of the conference report to H.R. 3210.

    Source: Floor

42. 13 November 2002

    ResolvingDifferences

    Conference report H. Rept. 107-779 filed. (text of conference report: CR H8722-8728)

    Source: ResolvingDifferences

43. 13 November 2002

    ResolvingDifferences

    Conference report filed: Conference report H. Rept. 107-779 filed.(text of conference report: CR H8722-8728)

    Source: ResolvingDifferences

44. 14 November 2002

    Passed

    Motions to reconsider laid on the table Agreed to without objection.

    Source: ResolvingDifferences

45. 14 November 2002

    Passed

    Conference report agreed to in House: On agreeing to the conference report Agreed to by voice vote.

    Source: ResolvingDifferences

46. 14 November 2002

    ResolvingDifferences

    The previous question was ordered without objection.

    Source: ResolvingDifferences

47. 14 November 2002

    Floor

    DEBATE - The House proceeded with one hour of debate on the conference report.

    Source: Floor

48. 14 November 2002

    ResolvingDifferences

    Mr. Oxley brought up conference report H. Rept. 107-779 for consideration under the provisions of H. Res. 607. (consideration: CR H8802-8809)

    Source: ResolvingDifferences

49. 14 November 2002

    Passed

    Rule H. Res. 607 passed House.

    Source: Floor

50. 14 November 2002

    ResolvingDifferences

    Conference papers: Senate report and manager's statement and message on House action held at the desk in Senate.

    Source: ResolvingDifferences

51. 14 November 2002

    Passed

    On agreeing to the conference report Agreed to by voice vote.

    Source: ResolvingDifferences

52. 19 November 2002

    ResolvingDifferences

    Conference report considered in Senate by Unanimous Consent. (consideration: CR S11524-11530)

    Source: ResolvingDifferences

53. 19 November 2002

    Vote

    Conference report agreed to in Senate: Senate agreed to conference report by Yea-Nay Vote. 86 - 11. Record Vote Number: 252.

    Source: ResolvingDifferences

54. 19 November 2002

    Floor

    Cloture motion on the conference report to accompany H.R. 3210 presented in Senate.

    Source: Floor

55. 20 November 2002

    Floor

    Message on Senate action sent to the House.

    Source: Floor

56. 22 November 2002

    Floor

    Presented to President.

    Source: Floor

57. 22 November 2002

    President

    Presented to President.

    Source: President

58. 26 November 2002

    Became law

    Became Public Law No: 107-297.

    Source: President

59. 26 November 2002

    Became law

    Signed by President.

    Source: BecameLaw

60. 26 November 2002

    President

    Signed by President.

    Source: President

Votes

Versions

• Enrolled Bill · — · Download file
• Public Law · 26 November 2002 · Download file
• Engrossed Amendment Senate · 26 July 2002 · Download file
• Placed on Calendar Senate · 3 December 2001 · Download file
• Engrossed in House · 29 November 2001 · Download file
• Reported in House · 26 November 2001 · Download file
• Introduced in House · 1 November 2001 · Download file

Documents

20 official files

• Enrolled Bill (text)

  Enrolled Bill · EN

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• Enrolled Bill (PDF)

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• Public Law (text)

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• Public Law (PDF)

  Public Law · EN · 26 November 2002

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• Conference report filed in House

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• Engrossed Amendment Senate (text)

  Engrossed Amendment Senate · EN · 26 July 2002

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• Engrossed Amendment Senate (PDF)

  Engrossed Amendment Senate · EN · 26 July 2002

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• Passed Senate amended

  summary · EN · 25 July 2002

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• Placed on Calendar Senate (text)

  Placed on Calendar Senate · EN · 3 December 2001

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• Placed on Calendar Senate (PDF)

  Placed on Calendar Senate · EN · 3 December 2001

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• Engrossed in House (text)

  Engrossed in House · EN · 29 November 2001

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• Engrossed in House (PDF)

  Engrossed in House · EN · 29 November 2001

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• Passed House amended

  summary · EN · 29 November 2001

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• Reported in House (text)

  Reported in House · EN · 26 November 2001

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• Reported in House (PDF)

  Reported in House · EN · 26 November 2001

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• Reported to House amended, Part II

  summary · EN · 19 November 2001

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• Reported to House amended, Part I

  summary · EN · 19 November 2001

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• Introduced in House (text)

  Introduced in House · EN · 1 November 2001

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• Introduced in House (PDF)

  Introduced in House · EN · 1 November 2001

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• Introduced in House

  summary · EN · 1 November 2001

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Sponsors

• Rep. Oxley, Michael G. [R-OH-4] · R · Sponsor
• Rep. Baker, Richard H. [R-LA-6] · R · Sponsor
• Rep. Roukema, Marge [R-NJ-5] · R · Sponsor
• Rep. Bachus, Spencer [R-AL-6] · R · Sponsor
• Rep. Kelly, Sue W. [R-NY-19] · R · Sponsor
• Rep. Bentsen, Ken [D-TX-25] · D · Sponsor
• Rep. Royce, Edward R. [R-CA-39] · R · Sponsor
• Rep. Maloney, James H. [D-CT-5] · D · Sponsor
• Rep. Lucas, Frank D. [R-OK-3] · R · Sponsor
• Rep. Pomeroy, Earl [D-ND-At Large] · D · Sponsor
• Rep. Ney, Robert W. [R-OH-18] · R · Sponsor
• Rep. Barr, Bob [R-GA-7] · R · Sponsor
• Rep. Gillmor, Paul E. [R-OH-5] · R · Sponsor
• Rep. Weldon, Dave [R-FL-15] · R · Sponsor
• Rep. Ryun, Jim [R-KS-2] · R · Sponsor
• Rep. Riley, Bob [R-AL-3] · R · Sponsor
• Rep. Jones, Walter B., Jr. [R-NC-3] · R · Sponsor
• Rep. Ose, Doug [R-CA-3] · R · Sponsor
• Rep. Biggert, Judy [R-IL-13] · R · Sponsor
• Rep. Green, Mark [R-WI-8] · R · Sponsor
• Rep. Shays, Christopher [R-CT-4] · R · Sponsor
• Rep. Shadegg, John B. [R-AZ-3] · R · Sponsor
• Rep. Fossella, Vito [R-NY-13] · R · Sponsor
• Rep. Miller, Gary G. [R-CA-42] · R · Sponsor
• Rep. Cantor, Eric [R-VA-7] · R · Sponsor
• Rep. Grucci, Felix J., Jr. [R-NY-1] · R · Sponsor
• Rep. Ferguson, Mike [R-NJ-7] · R · Sponsor
• Rep. Rogers, Mike J. [R-MI-8] · R · Sponsor
• Rep. Tiberi, Patrick J. [R-OH-12] · R · Sponsor
• Rep. Foley, Mark [R-FL-16] · R · Sponsor
• Rep. Issa, Darrell [R-CA-48] · R · Sponsor
• Rep. Leach, James A. [R-IA-2] · R · Cosponsor
• Rep. Hart, Melissa A. [R-PA-4] · R · Cosponsor
• Rep. Bereuter, Doug [R-NE-1] · R · Cosponsor
• Rep. LaTourette, Steven C. [R-OH-14] · R · Cosponsor
• Rep. Pryce, Deborah [R-OH-15] · R · Cosponsor
• · hsju00 · Standing
• · hsbu00 · Standing
• · hswm00 · Standing
• · hsba00 · Standing

Related records

• related to → Providing for consideration of the bill (H.R. 3210) to ensure the continued financial capacity of insurers to provide coverage for risks from terrorism.
• related to → Waiving points of order against the conference report to accompany the bill (H.R. 3210) to ensure the continued financial capacity of insurers to provide coverage for risks from terrorism.
• related to ← Terrorism Risk Protection Act
• related to ← Terrorism Risk Insurance Act of 2002
• amends ← An amendment consisting of the text of H.R. 3357 and made in order as a complete new text.
• amends ← SAMDT 2672
• amends ← SAMDT 2687
• amends ← An amendment to insert a complete new text.

Related across the Repo ecosystem

Direct relationships are identifier-backed. Topic context means shared TopicMembership — not a citation and not causation.