Terrorism Risk Insurance Program Reauthorization Act of 2013

Terrorism Risk Insurance Program Reauthorization Act of 2013 - Amends the Terrorism Risk Insurance Act of 2002 to extend from December 31, 2014, through December 31, 2024, the Terrorism Risk Insurance program.

Extends to September 30, 2027, the deadline by which the Secretary of the Treasury is required to collect all mandatory premiums for any act of terrorism occurring on or after January 1, 2012.

Requires reports in 2017, 2020, and 2023 on the findings of the President's Working Group on Financial Markets pursuant to an ongoing analysis regarding the long-term availability and affordability of (market conditions for) terrorism risk insurance.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2146 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 2146

To extend the Terrorism Risk Insurance Program of the Department of the 
                         Treasury for 10 years.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 23, 2013

    Mr. Capuano (for himself, Mr. King of New York, Ms. Moore, Mrs. 
 McCarthy of New York, Mrs. Beatty, Ms. Sinema, Mr. Meeks, Ms. Waters, 
  Mr. McGovern, Mr. Heck of Washington, Mr. Kennedy, Mr. Markey, Mr. 
Watt, Mr. Hinojosa, Mr. Rangel, Mr. Nadler, Mr. Keating, Mr. Clay, Mr. 
 Carson of Indiana, Mr. Lynch, and Ms. Meng) introduced the following 
    bill; which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To extend the Terrorism Risk Insurance Program of the Department of the 
                         Treasury for 10 years.

    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 
Reauthorization Act of 2013''.

SEC. 2. 10-YEAR EXTENSION OF TERRORISM RISK INSURANCE PROGRAM.

    (a) Termination Date.--Section 108(a) of the Terrorism Risk 
Insurance Act of 2002 (15 U.S.C. 6701 note) is amended by striking 
``2014'' and inserting ``2024''.
    (b) Additional Program Years.--Section 102(11)(G) of the Terrorism 
Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended by striking 
``2014'' and inserting ``2024''.
    (c) Timing of Mandatory Recoupment.--Section 103(e)(7)(E)(i)(III) 
of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is 
amended by striking ``2017'' and inserting ``2027''.
    (d) Ongoing Reports Regarding Market Conditions for Terrorism Risk 
Insurance.--Section 108(e)(2) of the Terrorism Risk Insurance Act of 
2002 (15 U.S.C. 6701 note) is amended by striking ``and 2013'' and 
inserting ``, 2013, 2017, 2020, and 2023''.
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