H.R. 4634 — Introduced in House

I 116th CONGRESS 1st Session H. R. 4634 IN THE HOUSE OF REPRESENTATIVES October 11, 2019Ms. Waters (for herself, Mrs. Carolyn B. Maloney of New York, Mr. Clay, Mr. Cleaver, Ms. Velázquez, 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. 1. Short title This Act may be cited as the Terrorism Risk Insurance Program Reauthorization Act of 2019. 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.