Risk Retention Amendments of 1986

Summary

Risk Retention Amendments of 1986 - Amends the Product Liability Risk Retention Act of 1981 to rename it the Liability Risk Retention Act of 1986. Revises the definition of "liability insurance," currently limited to product liability and completed operations liability, to cover any legal liability of an organization for damages because of injuries to other persons, damage to their property, or other loss or damage arising out of its business, trade, products, services (including professional services), premises or operations, but excluding personal risk insurance, workers' compensation, and employers' liability insurance. Defines as "organizations" eligible to purchase liability insurance any association, business, corporation, professional corporation or partnership, chruch, hospital, school, university or other institution or a State or local government. Excludes from the coverage of this Act product liability risk retention groups formed under the laws of Bermuda or the Cayman Islands before January 1, 1985. (Current law excludes groups formed under the laws of Bermuda or the Cayman Islands on or after January 1, 1985.) Repeals the requirement that a risk retention group be composed of members each of whose principal activity consists of the manufacture, design, importation, distribution, packaging, labeling, lease or sale of a product or products. Subjects such groups to State no-fault automobile insurance requirements. Limits the authority to provide insurance under such Act to liability insurance.

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Timeline

1. 28 February 1986

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 28 February 1986

   Introduced

   Read twice and referred to the Committee on Commerce.

   Source: IntroReferral

3. 20 March 1986

   Committee

   Subcommittee on Consumer. Hearings held. Hearings printed: S.Hrg. 99-722.

   Source: Committee

4. 25 March 1986

   Committee

   Committee on Commerce. Committee consideration and Mark Up Session held.

   Source: Committee

5. 27 March 1986

   Reported

   Committee on Commerce. Ordered to be reported with an amendment in the nature of a substitute favorably.

   Source: Committee

6. 9 May 1986

   Calendars

   Placed on Senate Legislative Calendar under General Orders. Calendar No. 645.

   Source: Calendars

7. 9 May 1986

   Reported

   Committee on Commerce. Reported to Senate by Senator Danforth under the authority of the order of May 8, 86 with an amendment in the nature of a substitute. With written report No. 99-294. Additional and minority views filed.

   Source: Committee

8. 9 May 1986

   Reported

   Committee on Commerce. Reported to Senate by Senator Danforth under the authority of the order of May 8, 86 with an amendment in the nature of a substitute. With written report No. 99-294. Additional and minority views filed.

   Source: Committee

9. 17 July 1986

   Floor

   Measure laid before Senate by unanimous consent.

   Source: Floor

10. 17 July 1986

    Vote

    Passed/agreed to in Senate: Passed Senate with an amendment by Yea-Nay Vote. 96-1. Record Vote No: 159.

    Source: Floor

11. 21 July 1986

    Introduced

    Referred to House Committee on Energy and Commerce.

    Source: IntroReferral

12. 29 July 1986

    Referred

    Referred to Subcommittee on Commerce, Transportation and Tourism.

    Source: Committee

13. 23 September 1986

    Floor

    House Incorporated H.R.5225 in This Measure as an Amendment.

    Source: Floor

14. 23 September 1986

    Passed

    Passed House (Amended) by Voice Vote.

    Source: Floor

15. 23 September 1986

    Passed

    Passed/agreed to in House: Passed House (Amended) by Voice Vote.

    Source: Floor

16. 23 September 1986

    Floor

    Called up by House by Unanimous Consent.

    Source: Floor

17. 29 September 1986

    Floor

    Message on House action received in Senate and held at desk: House amendments to Senate bill.

    Source: Floor

18. 6 October 1986

    ResolvingDifferences

    Senate concurred in the House amendments with an amendment (SP 3251) by Voice Vote.

    Source: ResolvingDifferences

19. 6 October 1986

    NotUsed

    Resolving differences -- Senate actions: Senate concurred in the House amendments with an amendment (SP 3251) by Voice Vote.

    Source: NotUsed

20. 9 October 1986

    Passed

    House Agreed to Senate Amendments to House Amendments by Unanimous Consent.

    Source: ResolvingDifferences

21. 9 October 1986

    Passed

    Resolving differences -- House actions: House Agreed to Senate Amendments to House Amendments by Unanimous Consent.

    Source: NotUsed

22. 17 October 1986

    Floor

    Presented to President.

    Source: Floor

23. 17 October 1986

    President

    Presented to President.

    Source: President

24. 17 October 1986

    Floor

    Measure Signed in Senate.

    Source: Floor

25. 27 October 1986

    Became law

    Became Public Law No: 99-563.

    Source: President

26. 27 October 1986

    Became law

    Signed by President.

    Source: BecameLaw

27. 27 October 1986

    President

    Signed by President.

    Source: President

Votes

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Public Law (PDF)

  Public Law · EN · 28 October 1986

  ViewDownloadOpen at official source

• Senate agreed to House amendment with amendment

  summary · EN · 6 October 1986

  Open at official source

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• Introduced in Senate

  summary · EN · 28 February 1986

  Open at official source

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  Vertaal document

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Sponsors

• Sen. Kasten, Robert W., Jr. [R-WI] · R · Sponsor
• Sen. Danforth, John C. [R-MO] · R · Sponsor
• Sen. Hollings, Ernest F. [D-SC] · D · Sponsor
• Sen. Rockefeller, John D., IV [D-WV] · D · Sponsor
• Sen. Pressler, Larry [R-SD] · R · Cosponsor
• Sen. Gore, Albert, Jr. [D-TN] · D · Cosponsor
• Sen. Sasser, Jim [D-TN] · D · Cosponsor
• Sen. Kassebaum, Nancy Landon [R-KS] · R · Cosponsor
• Sen. Simon, Paul [D-IL] · D · Cosponsor
• Sen. Inouye, Daniel K. [D-HI] · D · Cosponsor
• Sen. Weicker, Lowell P., Jr. [R-CT] · R · Cosponsor
• Sen. Sarbanes, Paul S. [D-MD] · D · Cosponsor
• Sen. Heinz, John [R-PA] · R · Cosponsor
• Sen. Abdnor, James [R-SD] · R · Cosponsor
• Sen. Nickles, Don [R-OK] · R · Cosponsor
• · hsif00 · Standing
• · sscm00 · Standing

Related records

• related to → Risk Retention Amendments of 1986
• amends ← SAMDT 2209
• amends ← To provide protection against insolvency of risk retention groups in certain States.
• amends ← To repeal the McCarran-Ferguson Act (59 Stat 33).
• amends ← A substitute.

Related across the Repo ecosystem

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