,,ii  #aacth ,,congress  #b;d ,session  
,s4 #bbdd  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,april #aj1    
#bjad,mr4 ,schumer 7for himself1 ,mr4   
,kirk1 ,mr4 ,reed1 ,mr4 ,heller1 ,mr4   
,murphy1 ,mr4 ,johanns1 ,mr4 ,warner1   
,mr4 ,blunt1 and ,mr4 ,menendez7        
introduced the following bill2 which was
 read twice and referred to the         
,committee on ,banking1 ,housing1 and   
,urban ,affairs  ,a ,,bill  ,to extend  
the termination date of the ,terrorism  
,insurance ,program established under   
the ,terrorism ,risk ,insurance ,act of 
#bjjb1 and for other purposes4  #a4     
,short ,title ,this ,act may be cited as
 the ,terrorism ,risk ,insurance        
,program ,reauthorization ,act of #bjad4
  #b4 ,extension of ,terrorism          
,insurance ,program ,section #ajh7;a7 of
 the ,terrorism ,risk ,insurance ,act of
 #bjjb 7#ae ,u4,s4,c4 #fgja note7 is    
amended by striking ,december #ca1 #bjad
 and inserting ,december #ca1 #bjba4    
#c4 ,federal share ,section             

#ajc7;e77#a77;,a7 of the ,terrorism     
,risk ,insurance ,act of #bjjb 7#ae     
,u4,s4,c4 #fgja note7 is amended by     
inserting and beginning in the calendar 
year that follows the date of enactment 
of the ,terrorism ,risk ,insurance      
,program ,reauthorization ,act of #bjad 
shall decrease by #a percent per        
calendar year until equal to #hj percent
 after #he percent4  #d4 ,recoupment of 
,federal share of compensation under the
 program ,section #ajc7;e7 of the       
,terrorism ,risk ,insurance ,act of     
#bjjb 7#ae ,u4,s4,c4 #fgja note7 is     
amended-- 7#a7 in paragraph 7#f71 in the
 matter preceding subparagraph 7,a71 by 
striking shall be and all that follows  
through subparagraph 7,e7 and inserting 
shall be #bg1ejj1jjj1jjj and beginning  
in the calendar year that follows the   
date of enactment of the ,terrorism     
,risk ,insurance ,program               
,reauthorization ,act of #bjad shall    
increase by #b1jjj1jjj1jjj per calendar 
year until equal to #cg1ejj1jjj1jjj42   

and  7#b7 in paragraph 7#g7-- 7,a7 in   
subparagraph 7,a7-- 7i7 in the matter   
preceding clause 7i71 by striking for   
each of the periods referred to in      
subparagraphs 7,a7 through 7,e7 of      
paragraph #f2 and  7ii7 in clause 7i71  
by striking for such period2  7,b7 in   
subparagraph 7,b7-- 7i7 by striking for 
any period referred to in any of        
subparagraphs 7,a7 through 7,e7 of      
paragraph 7#f72 and  7ii7 by striking   
for such period2  7,c7 in subparagraph  
7,c71 by striking occurring during any  
of the periods referred to in any of    
subparagraphs 7,a7 through 7,e7 of      
paragraph 7#f72 and  7,d7 in            
subparagraph 7,e77i7-- 7i7 in subclause 
7,i7-- 7,i7 by striking #bjaj and       
inserting #bjag2 and  7,,ii7 by striking
 #bjab and inserting #bjai2  7ii7 in    
subclause 7,,ii7-- 7,i7 by striking     
#bjaa and inserting #bjah2  7,,ii7 by   
striking #bjab and inserting #bjai2 and 
7,,iii7 by striking #bjag and inserting 
#bjbd2 and  7iii7 in subclause 7,,iii7--

 7,i7 by striking #bjab and inserting   
#bjai2 and  7,,ii7 by striking #bjag and
 inserting #bjbd4  #e4 ,technical       
amendments ,the ,terrorism ,risk        
,insurance ,act of #bjjb 7#ae ,u4,s4,c4 
#fgja note7 is amended-- 7#a7 in section
 #ajb-- 7,a7 in paragraph 7#g7-- 7i7 by 
striking subparagraphs 7,a7 through 7,f7
 and inserting the following3  7,a7 the 
value of an insurer's direct earned     
premiums during the immediately         
preceding calendar year1 multiplied by  
#bj percent2 and  2  7ii7 by            
redesignating subparagraph 7,g7 as      
subparagraph 7,b72 and  7iii7 in        
subparagraph 7,b71 as so redesignated by
 clause 7ii7-- 7,i7 by striking         
notwithstanding subparagraphs 7,a7      
through 7,f71 for the ,transition       
,period or any ,program ,year and       
inserting notwithstanding subparagraph  
7,a71 for any calendar year2 and  7,,ii7
 by striking ,period or ,program ,year  
and inserting calendar year2  7,b7 by   
striking paragraph 7#aa72 and  7,c7 by  

redesignating paragraphs 7#ab7 through  
7#af7 as paragraphs 7#aa7 through 7#ae71
 respectively2 and  7#b7 in section     
#ajc-- 7,a7 in subsection 7c71 by       
striking ,program ,year and inserting   
calendar year2  7,b7 in subsection 7e7--
 7i7 in paragraph 7#a7-- 7,i7 in        
subparagraph 7,a71 as previously amended
 by section #c-- 7aa7 by striking the   
,transition ,period and each ,program   
,year through ,program ,year #d shall be
 equal to #ij percent1 and during       
,program ,year #e and each ,program     
,year thereafter and inserting each     
calendar year2  7bb7 by striking the    
comma after #hj percent2 and  7cc7 by   
striking such ,transition ,period or    
such ,program ,year and inserting such  
calendar year2 and  7,,ii7 in           
subparagraph 7,b71 by striking exceed   
and all that follows through clause 7ii7
 and inserting exceed #ajj1jjj1jjj with 
respect to such insured losses occurring
 in the calendar year42  7ii7 in        
paragraph 7#b77;,a71 by striking the    

period beginning on the first day of the
 ,transition ,period and ending on the  
last day of ,program ,year #a1 or during
 any ,program ,year thereafter and      
inserting a calendar year2 and  7iii7 in
 paragraph 7#c71 by striking the period 
beginning on the first day of the       
,transition ,period and ending on the   
last day of ,program ,year #a1 or during
 any other ,program ,year and inserting 
any calendar year2 and  7,c7 in         
subsection 7g77#b7-- 7i7 by striking the
 ,transition ,period or a ,program ,year
 each place that term appears and       
inserting the calendar year2  7ii7 by   
striking such period and inserting the  
calendar year2 and  7iii7 by striking   
that period and inserting the calendar  
year4