3.0.0 6494 2023-01-11T13:43:14Z 2023-01-11T13:43:14Z House HR 2020-04-14 116 [Congressional Record Volume 166, Number 71 (Tuesday, April 14, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. THOMPSON of California:H.R. 6494.Congress has the power to enact this legislation pursuantto the following:Article I[Page H1889]]]> hsba00 Financial Services Committee House Standing Referred to 2020-04-14T14:01:10Z 2020-04-14 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-04-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-04-14 Introduced in House IntroReferral 1000 9 Library of Congress T000460 Rep. Thompson, Mike [D-CA-5] MIKE THOMPSON D CA 5 N L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 2020-04-14 True 2020-04-23 H000324 Rep. Hastings, Alcee L. [D-FL-20] ALCEE HASTINGS D FL L. 20 2020-04-14 True N000179 Rep. Napolitano, Grace F. [D-CA-32] GRACE NAPOLITANO D CA F. 32 2020-04-14 True R000575 Rep. Rogers, Mike D. [R-AL-3] Mike Rogers R AL 3 2020-04-14 True 2020-04-23 M001166 Rep. McNerney, Jerry [D-CA-9] Jerry McNerney D CA 9 2020-04-14 True C001123 Rep. Cisneros, Gilbert Ray, Jr. [D-CA-39] Gilbert Cisneros D CA Ray 39 2020-04-14 True C001124 Rep. Cox, TJ [D-CA-21] TJ Cox D CA 21 2020-04-14 True G000559 Rep. Garamendi, John [D-CA-3] John Garamendi D CA 3 2020-04-14 True S001200 Rep. Soto, Darren [D-FL-9] Darren Soto D FL 9 2020-04-14 True 2020-04-23 P000618 Rep. Porter, Katie [D-CA-45] Katie Porter D CA 45 2020-04-21 False K000389 Rep. Khanna, Ro [D-CA-17] Ro Khanna D CA 17 2020-05-01 False C001111 Rep. Crist, Charlie [D-FL-13] Charlie Crist D FL 13 2020-05-08 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2020-05-08 False Finance and Financial Sector Contracts and agency Electric power generation and transmission Emergency medical services and trauma care Emergency planning and evacuation Federal preemption Infectious and parasitic diseases Insurance industry and regulation Life, casualty, property insurance Public utilities and utility rates State and local government operations Finance and Financial Sector 00 2020-04-14 Introduced in House 2020-06-02T01:14:51Z Business Interruption Insurance Coverage Act of 2020

This bill requires insurers that provide business interruption coverage to insure as part of this coverage losses from a viral pandemic, a government-ordered business closure or evacuation, or a power disruption conducted for public safety purposes.

The bill also nullifies provisions in a business interruption insurance contract in force on the date of enactment that exclude such an event from coverage. An insurer may reinstate such an exclusion if (1) the insured authorizes the reinstatement in writing, or (2) the insured fails to pay the corresponding premium increase after adequate notice by the insurer of such an increase.

]]> Business Interruption Insurance Coverage Act of 2020 Display Title Business Interruption Insurance Coverage Act of 2020 Official Title as Introduced To make available insurance coverage for business interruption losses due to viral pandemics, forced closures of businesses, mandatory evacuations, and public safety power shut-offs, and for other purposes. Introduced in House IH Short Title(s) as Introduced Business Interruption Insurance Coverage Act of 2020 Introduced in House IH Introduced in House 2020-04-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6494ih/xml/BILLS-116hr6494ih.xml 2020-04-14 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.