[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4634 Engrossed in House (EH)]

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116th CONGRESS
  1st Session
                                H. R. 4634

_______________________________________________________________________

                                 AN ACT


 
To reauthorize the Terrorism Risk Insurance Act of 2002, 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 ``Terrorism Risk Insurance Program 
Reauthorization Act of 2019''.

SEC. 2. 7-YEAR EXTENSION OF TERRORISM RISK INSURANCE PROGRAM.

    (a) Termination Date.--Section 108(a) of the Terrorism Risk 
Insurance Act of 2002 (15 U.S.C. 6701 note) is amended by striking 
``2020'' and inserting ``2027''.
    (b) Timing of Mandatory Recoupment.--Section 103(e)(7)(E)(i) of the 
Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended--
            (1) in subclause (I)--
                    (A) by striking ``2017'' and inserting ``2022''; 
                and
                    (B) by striking ``2019'' and inserting ``2024'';
            (2) in subclause (II)--
                    (A) by striking ``2018'' and inserting ``2023'';
                    (B) by striking ``2019'' and inserting ``2024''; 
                and
                    (C) by striking ``2024'' and inserting ``2029''; 
                and
            (3) in subclause (III)--
                    (A) by striking ``2019'' and inserting ``2024''; 
                and
                    (B) by striking ``2024'' and inserting ``2029''.
    (c) Ongoing Reports Regarding Market Conditions for Terrorism Risk 
Insurance.--Paragraph (2) of section 104(h) of the Terrorism Risk 
Insurance Act of 2002 (15 U.S.C. 6701 note) is amended--
            (1) by redesignating subparagraphs (B) through (E) as 
        subparagraphs (C) through (F), respectively; and
            (2) by inserting after subparagraph (A) the following new 
        subparagraph:
                    ``(B) an evaluation of the availability and 
                affordability of terrorism risk insurance, which shall 
                include an analysis of such availability and 
                affordability specifically for places of worship;''.
    (d) Study and Report on Cyber Terrorism.--Not later than the 
expiration of the 180-day period beginning on the date of the enactment 
of this Act, the Comptroller General of the United States shall conduct 
a study and report to the Committee on Financial Services of the House 
of Representatives and the Committee on Banking, Housing, and Urban 
Affairs of the Senate, which shall--
            (1) analyze and address--
                    (A) overall vulnerabilities and potential costs of 
                cyber attacks to the United States public and private 
                infrastructure that could result in physical or digital 
                damage;
                    (B) whether State-defined cyber liability under a 
                property and casualty line of insurance is adequate 
                coverage for an act of cyber terrorism;
                    (C) whether such risks can be adequately priced by 
                the private market; and
                    (D) whether the current risk-share system under the 
                Terrorism Risk Insurance Act of 2002 is appropriate for 
                a cyber terrorism event; and
            (2) set forth recommendations on how the Congress could 
        amend such Act to meet the next generation of cyber threats.

SEC. 3. DETERMINATION OF BUDGETARY EFFECTS.

    The budgetary effects of this Act, for the purpose of complying 
with the Statutory Pay-As-You-Go-Act of 2010, shall be determined by 
reference to the latest statement titled ``Budgetary Effects of PAYGO 
Legislation'' for this Act, submitted for printing in the Congressional 
Record by the Chairman of the House Budget Committee, provided that 
such statement has been submitted prior to the vote on passage.

            Passed the House of Representatives November 18, 2019.

            Attest:

                                                                 Clerk.
116th CONGRESS

  1st Session

                               H. R. 4634

_______________________________________________________________________

                                 AN ACT

To reauthorize the Terrorism Risk Insurance Act of 2002, and for other 
                               purposes.