[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1945 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 1945

To extend the Terrorism Risk Insurance Program of the Department of the 
             Treasury for 10 years, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 9, 2013

     Mr. Thompson of Mississippi (for himself and Ms. Jackson Lee) 
 introduced the following bill; which was referred to the Committee on 
   Financial Services, and in addition to the Committee on Homeland 
Security, for a period to be subsequently determined by the Speaker, in 
   each case for consideration of such provisions as fall within the 
                jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
To extend the Terrorism Risk Insurance Program of the Department of the 
             Treasury for 10 years, and for other purposes.

    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 ``Fostering Resilience to Terrorism 
Act of 2013''.

SEC. 2. CERTIFICATION OF ACTS OF TERRORISM.

    Section 102(1) of the Terrorism Risk Insurance Act of 2002 (15 
U.S.C. 6701 note) is amended--
            (1) in subparagraph (A), in the matter preceding clause 
        (i), by striking ``Secretary, in concurrence with'' and 
        inserting the following: ``Secretary of Homeland Security, in 
        concurrence with the Secretary of the Treasury,'';
            (2) in subparagraph (B), in the matter preceding clause 
        (i), by striking ``Secretary'' and inserting ``Secretary of 
        Homeland Security''; and
            (3) in subparagraph (D), by striking ``Secretary'' and 
        inserting ``Secretary of Homeland Security''.

SEC. 3. 10-YEAR EXTENSION OF TERRORISM RISK INSURANCE PROGRAM.

    (a) Program Years.--Subparagraph (G) of section 102(11) of the 
Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended 
by striking ``2014'' and inserting ``2024''.
    (b) Timing of Mandatory Recoupment.--Subclause (III) of section 
103(e)(7)(E)(i) of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 
6701 note) is amended by striking ``2017'' and inserting ``2024''.
    (c) Termination Date.--Subsection (a) of section 108 of the 
Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended 
by striking ``2014'' and inserting ``2024''.
    (d) Ongoing Reports Regarding Market Conditions for Terrorism Risk 
Insurance.--Paragraph (2) of section 108(e) of the Terrorism Risk 
Insurance Act of 2002 (15 U.S.C. 6701 note) is amended by striking 
``and 2013'' and inserting ``2013, 2017, 2020, and 2023''.

SEC. 4. HOMELAND SECURITY ENHANCEMENTS.

    (a) Provision of Information to Insureds.--Section 103 of the 
Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended 
by adding at the end the following new subsection:
    ``(j) Provision of Homeland Security Information and Best Practices 
to Insureds.--The Secretary of Homeland Security shall provide to 
insureds under the Program, through the Secretary of the Treasury--
            ``(1) timely homeland security information, including 
        terrorism risk information, at the appropriate classification 
        level; and
            ``(2) information on best practices to foster resilience to 
        an act of terrorism.''.
    (b) Research on Program Participation and Best Practices.--The 
Secretary of Homeland Security shall conduct research to determine the 
extent to which insureds participating in the Terrorism Risk Insurance 
Program under title I of the Terrorism Risk Insurance Act of 2002 (15 
U.S.C. 6701 note)--in particular, insureds in critical infrastructure 
sectors as identified by such Secretary--incorporate information 
provided under section 103(j)(2) of such Act into business operations. 
Not later than the expiration of the 12-month period that begins upon 
the Secretary of Homeland Security commencing the provision of 
information pursuant to such section 103(j)(2), such Secretary shall 
submit a report regarding the findings of the research conducted under 
this subsection to the Committees on Homeland Security and Financial 
Services of the House of Representatives and the Committees on Homeland 
Security and Governmental Affairs and Banking, Housing, and Urban 
Affairs of the Senate.
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