3.0.0 7011 2023-01-11T13:42:49Z 2023-01-11T13:42:49Z House HR 2020-05-26 116 [Congressional Record Volume 166, Number 98 (Tuesday, May 26, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. CAROLYN B. MALONEY of New York:H.R. 7011.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3[Page H2282]]]> hsba00 Financial Services Committee House Standing Referred to 2020-05-26T13:30:06Z Pandemic Risk Insurance Act of 2020 116 6983 HR 2020-05-22 Referred to the House Committee on Financial Services. Related bill CRS 2020-05-26 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-05-26 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-05-26 Introduced in House IntroReferral 1000 9 Library of Congress M000087 Rep. Maloney, Carolyn B. [D-NY-12] CAROLYN MALONEY D NY B. 12 N T000460 Rep. Thompson, Mike [D-CA-5] MIKE THOMPSON D CA 5 2020-05-26 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2020-05-26 True D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 2020-05-26 True J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2020-05-26 True P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2020-05-26 True C001069 Rep. Courtney, Joe [D-CT-2] Joe Courtney D CT 2 2020-05-26 True R000613 Rep. Rose, Max [D-NY-11] Max Rose D NY 11 2020-05-26 True C001123 Rep. Cisneros, Gilbert Ray, Jr. [D-CA-39] Gilbert Cisneros D CA Ray 39 2020-05-26 True G000581 Rep. Gonzalez, Vicente [D-TX-15] Vicente Gonzalez D TX 15 2020-05-26 True P000618 Rep. Porter, Katie [D-CA-45] Katie Porter D CA 45 2020-05-26 True L000582 Rep. Lieu, Ted [D-CA-33] Ted Lieu D CA 33 2020-05-26 True R000602 Rep. Rice, Kathleen M. [D-NY-4] Kathleen Rice D NY M. 4 2020-05-26 True G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2020-05-26 True M001206 Rep. Morelle, Joseph D. [D-NY-25] Joseph Morelle D NY D. 25 2020-05-26 True M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 2020-05-26 True W000826 Rep. Wild, Susan [D-PA-7] Susan Wild D PA 7 2020-05-26 True R000577 Rep. Ryan, Tim [D-OH-13] TIM RYAN D OH 13 2020-05-26 True T000468 Rep. Titus, Dina [D-NV-1] Dina Titus D NV 1 2020-05-26 True M001188 Rep. Meng, Grace [D-NY-6] Grace Meng D NY 6 2020-05-26 True D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2020-05-26 True J000294 Rep. Jeffries, Hakeem S. [D-NY-8] Hakeem Jeffries D NY S. 8 2020-06-18 False W000797 Rep. Wasserman Schultz, Debbie [D-FL-23] Debbie Wasserman Schultz D FL 23 2020-06-18 False S001205 Rep. Scanlon, Mary Gay [D-PA-5] Mary Scanlon D PA Gay 5 2020-06-18 False A000371 Rep. Aguilar, Pete [D-CA-31] Pete Aguilar D CA 31 2020-06-18 False N000179 Rep. Napolitano, Grace F. [D-CA-32] GRACE NAPOLITANO D CA F. 32 2020-08-11 False D000623 Rep. DeSaulnier, Mark [D-CA-11] Mark DeSaulnier D CA 11 2020-10-16 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2020-10-23 False S001157 Rep. Scott, David [D-GA-13] David Scott D GA 13 2020-12-02 False H001080 Rep. Haaland, Debra A. [D-NM-1] Debra Haaland D NM A. 1 2020-12-07 False Finance and Financial Sector Administrative law and regulatory procedures Appropriations Cardiovascular and respiratory health Congressional oversight Corporate finance and management Department of the Treasury Economic performance and conditions Emergency medical services and trauma care Executive agency funding and structure Federal preemption Government studies and investigations Infectious and parasitic diseases Insurance industry and regulation Life, casualty, property insurance Museums, exhibitions, cultural centers Small business State and local government operations Worker safety and health Finance and Financial Sector 00 2020-05-26 Introduced in House 2020-10-09T15:37:41Z Pandemic Risk Insurance Act of 2020

This bill establishes the Pandemic Risk Reinsurance Program within the Department of the Treasury. The program generally provides compensation to insurers if they incur losses as a result of coverage related to pandemics and outbreaks of disease. Insurers may elect to participate in the program if they meet certain criteria. Specifically, insurers participating in the program must offer, in all business interruption insurance policies, coverage for public health emergencies related to an outbreak of infectious disease or a pandemic declared on or after January 1, 2021, and certified by the Department of Health and Human Services.

The program is triggered when aggregate industry insured losses for participating insurers resulting from a covered public health emergency exceed $250 million. The bill establishes the share of insured losses the program would cover, conditions for payment to insurers, caps on annual liability, and the amount insurers must annually pay in deductibles. The bill also provides for the treatment of existing business interruption insurance policies and state residual market insurance entities.

The Government Accountability Office must report on the availability and affordability of business interruption insurance.

]]> Pandemic Risk Insurance Act of 2020 Display Title Pandemic Risk Insurance Act of 2020 Official Title as Introduced To establish a Pandemic Risk Reinsurance Program, and for other purposes. Introduced in House IH Short Title(s) as Introduced Pandemic Risk Insurance Act of 2020 Introduced in House IH Introduced in House 2020-05-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7011ih/xml/BILLS-116hr7011ih.xml 2020-05-26 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.