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

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116th CONGRESS
  1st Session
                                H. R. 4634

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 11, 2019

Ms. Waters (for herself, Mrs. Carolyn B. Maloney of New York, Mr. Clay, 
   Mr. Cleaver, Ms. Velazquez, Mr. Meeks, Mr. King of New York, Mrs. 
Beatty, Mr. Lynch, Mr. Foster, Ms. Gabbard, Mr. Gottheimer, Mr. Vargas, 
Mr. McAdams, Ms. Ocasio-Cortez, Mr. Gonzalez of Texas, Mr. Gooden, Mrs. 
 Axne, Mr. Sherman, Mr. Zeldin, Mr. Green of Texas, Mr. David Scott of 
  Georgia, Mr. Himes, Ms. Garcia of Texas, Ms. Wexton, Ms. Dean, Mr. 
   Phillips, and Ms. Adams) introduced the following bill; which was 
            referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
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. 10-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 ``2030''.
    (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 ``2025'';
            (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 ``2034''.
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