H.R.4634 - Terrorism Insurance Backstop Extension Act of 2004108th Congress (2003-2004)
|Sponsor:||Rep. Sessions, Pete [R-TX-32] (Introduced 06/22/2004)|
|Committees:||House - Financial Services|
|Committee Reports:||H. Rept. 108-780|
|Latest Action:||House - 11/18/2004 Placed on the Union Calendar, Calendar No. 478. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4634 — 108th Congress (2003-2004)All Information (Except Text)
Introduced in House (06/22/2004)
Terrorism Insurance Backstop Extension Act of 2004 - Amends the Terrorism Risk Insurance Act of 2002 to define: (1) the term "Program Year 4" as the period from January 1, 2006, through December 31, 2006; and (2) the term "Program Year 5" as the period from January 1, 2007, through December 31, 2007 (thereby extending the terrorism risk insurance program from 2005 through 2007).
Sets a deadline for the Secretary of the Treasury to make a final determination regarding: (1) the availability of group life insurance to both insurers and consumers; and (2) whether certain provisions of the Act shall be applied to providers of group life insurance.
Sunsets the Terrorism Risk Insurance Program after December 31, 2007.