Terrorism Risk Insurance Program Temporary Extension Act of 2005

Terrorism Risk Insurance Program Temporary Extension Act of 2005 - Amends the Terrorism Risk Insurance Act of 2002 to extend its sunset date from December 31, 2005, to March 31, 2006.

Extends to Program Year 3 (January 1, 2005-December 31, 2005) the period during which insurers are required to make property and casualty insurance coverage available for insured losses.

Repeals the requirement, however, that such coverage may not differ materially from the terms, amounts, and other coverage limitations applicable to losses arising from events other than acts of terrorism.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4513 Introduced in House (IH)]







109th CONGRESS
  1st Session
                                H. R. 4513

To temporarily extend the applicability of Terrorism Risk Insurance Act 
                                of 2002.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 13, 2005

  Mr. Frank of Massachusetts introduced the following bill; which was 
            referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To temporarily extend the applicability of Terrorism Risk Insurance Act 
                                of 2002.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Terrorism Risk Insurance Program 
Temporary Extension Act of 2005''.

SEC. 2. TEMPORARY EXTENSION.

    (a) Termination of Program.--Subsection (a) of section 108 of the 
Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended 
by striking ``December 31, 2005'' and inserting ``March 31, 2006''.
    (b) Extension of Program Year 3.--Subparagraph (D) of section 
102(11) of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 
note) is amended by striking ``December 31, 2005'' and inserting 
``March 31, 2006''.
    (c) Mandatory Availability.--Section 103(c) of the Terrorism Risk 
Insurance Act of 2002 (15 U.S.C. 6701 note) is amended--
            (1) in paragraph (1), by striking ``Program Year 2'' and 
        inserting ``Program Year 3''; and
            (2) by striking paragraph (2).
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