3.0.0 6497 2023-01-11T13:43:13Z 2023-01-11T13:43:13Z 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. FITZPATRICK:H.R. 6497.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3[Page H1889]]]> hsba00 Financial Services Committee House Standing Referred to 2020-04-14T14:00:38Z 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 F000466 Rep. Fitzpatrick, Brian K. [R-PA-1] Brian Fitzpatrick R PA K. 1 N C001123 Rep. Cisneros, Gilbert Ray, Jr. [D-CA-39] Gilbert Cisneros D CA Ray 39 2020-04-14 True H001073 Rep. Hurd, Will [R-TX-23] Will Hurd R TX 23 2020-04-14 True S001201 Rep. Suozzi, Thomas R. [D-NY-3] Thomas Suozzi D NY R. 3 2020-04-14 True P000616 Rep. Phillips, Dean [D-MN-3] Dean Phillips D MN 3 2020-04-21 False H001090 Rep. Harder, Josh [D-CA-10] Josh Harder D CA 10 2020-05-01 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2020-05-12 False Finance and Financial Sector Congressional oversight Corporate finance and management Disaster relief and insurance Emergency medical services and trauma care Employee benefits and pensions Government studies and investigations Health care costs and insurance Infectious and parasitic diseases Insurance industry and regulation Life, casualty, property insurance State and local government operations Unemployment Finance and Financial Sector 00 2020-04-14 Introduced in House 2020-05-31T16:22:22Z Never Again Small Business Protection Act of 2020

This bill requires that insurers offering business interruption coverage must offer additional coverage for losses that result from business interruption due to a government order to close during a national emergency.

This coverage does not apply to losses incurred by an otherwise qualified business if that business involuntarily terminated the health care or the employment of an employee during the national emergency period.

An insurer may exclude this additional coverage from a contract for business interruption coverage if the insured agrees in writing, or if the insured fails to pay the corresponding premium increase.

This bill is effective only upon certification by the Department of the Treasury that a federal backstop exists to serve as a mechanism to reinsure insurers against excessive losses as a result of these requirements.

]]> Never Again Small Business Protection Act of 2020 Display Title Never Again Small Business Protection Act of 2020 Official Title as Introduced To make available insurance coverage for business interruption losses due to national emergencies, and for other purposes. Introduced in House IH Short Title(s) as Introduced Never Again Small Business Protection Act of 2020 Introduced in House IH Introduced in House 2020-04-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6497ih/xml/BILLS-116hr6497ih.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.