3.0.0 7394 2022-02-09T03:11:47Z 2022-02-09T03:11:47Z House HR 2020-06-26 116 hsba00 Financial Services Committee House Standing Referred to 2020-06-26T13:00:10Z Business Interruption Relief Act of 2020 116 7412 HR 2020-06-29 Referred to the House Committee on Financial Services. Identical bill CRS 2020-06-26 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-06-26 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-06-26 Introduced in House IntroReferral 1000 9 Library of Congress T000460 Rep. Thompson, Mike [D-CA-5] MIKE THOMPSON D CA 5 N Finance and Financial Sector Cardiovascular and respiratory health Disaster relief and insurance Economic performance and conditions Emergency medical services and trauma care Infectious and parasitic diseases Insurance industry and regulation Public-private cooperation Finance and Financial Sector 00 2020-06-26 Introduced in House 2020-09-22T20:26:21Z Business Interruption Relief Act of 2020

This bill establishes the Business Interruption Relief Program within the Department of the Treasury to provide financial assistance to insurers that voluntarily pay benefits under certain policies for COVID-19 (i.e., coronavirus disease 2019) losses. Specifically, insurers qualify for the program if the insurer has at least one outstanding and existing policy for business interruption coverage that (1) expressly covers losses during a civil authority shutdown as a result of the COVID-19 pandemic, and (2) expressly excludes coverage for a virus. Participation in the program is voluntary.

]]> Business Interruption Relief Act of 2020 Display Title Business Interruption Relief Act of 2020 Official Title as Introduced To establish a temporary voluntary program for support of insurers providing business interruption insurance coverage during the COVED-19 pandemic, and for other purposes. Introduced in House IH Short Title(s) as Introduced Business Interruption Relief Act of 2020 Introduced in House IH Introduced in House 2020-06-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7394ih/xml/BILLS-116hr7394ih.xml 2020-06-26 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.