Encouraging the United States financial services industry to develop, test, and implement systemic plans to address the challenges and risks posed by pandemic or bioterrorism events to the national and international economies, and for other purposes.

Encourages all participants in the U.S. financial services industry to develop, test, and implement systemic plans to address the challenges and risks posed by pandemic or bioterrorism events to the national and international economies.

States that such plans should encompass: (1) financial institutions; (2) financial systems and markets; and (3) businesses, consumers, and investor levels.

Encourages U.S. citizens to: (1) become informed about the financial and other risks of pandemic and bioterrorism events; (2) consider how those risks may affect them as individuals, families, business people, and consumers; and (3) prepare appropriate plans and responses.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 909 Introduced in House (IH)]








109th CONGRESS
  2d Session
H. RES. 909

 Encouraging the United States financial services industry to develop, 
test, and implement systemic plans to address the challenges and risks 
     posed by pandemic or bioterrorism events to the national and 
            international economies, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 11, 2006

    Mr. Price of Georgia (for himself, Mrs. Kelly, and Mr. Scott of 
Georgia) submitted the following resolution; which was referred to the 
 Committee on Financial Services, and in addition to the Committee on 
Energy and Commerce, 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

_______________________________________________________________________

                               RESOLUTION


 
 Encouraging the United States financial services industry to develop, 
test, and implement systemic plans to address the challenges and risks 
     posed by pandemic or bioterrorism events to the national and 
            international economies, and for other purposes.

Whereas the ongoing and uninterrupted operation of the national and 
        international financial system is essential to the national economic 
        security and economy of the United States;
Whereas difficult challenges to the ongoing and uninterrupted operation of the 
        national and international financial system may be posed by pandemic or 
        bioterrorism events;
Whereas such difficult challenges may include widespread absenteeism among 
        workers and the loss of critical infrastructure support services;
Whereas such difficult challenges may also include diminution of the liquidity, 
        financial integrity, financial results, and stability of financial 
        services providers, participants, and markets resulting in disruption of 
        capital flows, global asset reallocations, and asset and equity price 
        declines;
Whereas any disruption of the operation of the national and international 
        financial system might deprive businesses, consumers, and investors of 
        access to cash, credit, financial assets and related information 
        necessary to the effective functioning of the national and international 
        economies;
Whereas important and commendable progress by national and international 
        financial system participants has been made in providing for the 
        resiliency of the national and international financial system;
Whereas continued progress in such preparation is needed in order to meet the 
        significant and unprecedented challenges posed by pandemic or 
        bioterrorism events;
Whereas that continued progress should include contingency and other plans to 
        support the rapid recovery of businesses, consumers and investors who 
        may suffer adverse economic consequences from pandemic or bioterrorism 
        events; and
Whereas time is of the essence in developing those plans in order to protect the 
        economy and national economic security of the United States: Now, 
        therefore, be it
    Resolved,  That--
            (1) all participants in the United States financial 
        services industry are encouraged to develop, test, and 
        implement systemic plans to address the challenges and risks 
        posed by pandemic or bioterrorism events to the national and 
        international economies;
            (2) such plans should encompass, as applicable--
                    (A) financial institutions;
                    (B) financial systems and markets; and
                    (C) businesses, consumers, and investor levels; and
            (3) all citizens of the United States are encouraged to--
                    (A) become informed about the financial and other 
                risks of pandemic and bioterrorism events;
                    (B) consider how those risks may affect them as 
                individuals, families, business people, and consumers; 
                and
                    (C) prepare appropriate plans and responses for 
                potential pandemic and bioterrorism events.
                                 <all>