[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 829 Introduced in House (IH)]







108th CONGRESS
  1st Session
                                H. R. 829

To amend the Arts and Artifacts Indemnity Act to increase the amount of 
 loss or damage coverage, in the aggregate and for single exhibitions, 
                        authorized by such Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 13, 2003

 Ms. McCollum introduced the following bill; which was referred to the 
                Committee on Education and the Workforce

_______________________________________________________________________

                                 A BILL


 
To amend the Arts and Artifacts Indemnity Act to increase the amount of 
 loss or damage coverage, in the aggregate and for single exhibitions, 
                        authorized by such Act.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Arts and Artifacts Indemnity Act 
Amendments of 2003''.

SEC. 2. AMENDMENTS.

    Section 5 of the Arts and Artifacts Indemnity Act (20 U.S.C. 974) 
is amended--
            (1) in subsection (b) by striking ``$5,000,000,000'' and 
        inserting ``$8,000,000,000'',
            (2) in subsection (c) by striking ``$500,000,000'' and 
        inserting ``$750,000,000'', and
            (3) in subsection (d)--
                    (A) in paragraph (4) by striking ``$200,000'' and 
                inserting ``$200,000,000'',
                    (B) in paragraph (6)--
                            (i) by striking ``chapter'' and inserting 
                        ``Act'', and
                            (ii) by striking ``or'' at the end,
                    (C) in paragraph (7)--
                            (i) by striking ``$400,000,000 or more, 
                        then coverage under this chapter'' and 
                        inserting ``not less than $400,000,000 but less 
                        than $500,000,000, then coverage under this 
                        Act'', and
                            (ii) by striking the period at the end and 
                        inserting ``; or'', and
                    (D) by adding at the end the following:
            ``(8) $500,000,000 or more, the coverage under this Act 
        shall extend only to loss or damage in excess of the first 
        $500,000 of loss or damage to items covered.''.
                                 <all>