,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fdig  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #ad1 #bjbj,mr4 
,fitzpatrick 7= himself1 ,mr4 ,cisn]os1 
,mr4 ,hurd ( ,texas1 & ,mr4 ,suozzi7    
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to make available insurance    
cov]age = bus9ess int]ruption losses due
 to national em]g5cies1 & = o!r         
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,nev] ,aga9 ,small ,bus9ess
 ,protection ,act ( #bjbj4  #b4 ,requir$
 availability ( cov]age = bus9ess       
int]ruption losses due to national      
em]g5cies ,effective only ^u !          
publication ( c]tification by !         
,secret>y ( ! ,treasury pursuant to     
section #e & subject to sections #c &   
#d1 ea* insur] t (f]s or makes available
 bus9ess int]ruption insurance cov]age  
%all make available1 to =-pr(it &       
nonpr(it bus9esses & o!r entities1      
optional additional cov]age t-- 7#a7    
cov]s solely losses t-- 7,a7 result f   

bus9ess int]ruption due to any ord]1 by 
any (fic] or ag5cy ( ! ,f$]al ,gov]nm5t 
or ( any ,/ate or local gov]nm5t1       
requir+ cessation ( op]ations dur+ a    
national em]g5cy2 &  7,b7 occur 9 any   
area to :i* su* national em]g5cy applies
 & dur+ ! p]iod ( su* application2 &    
7#b7 cov]s su* losses = a cont9u\s p]iod
 t beg9s ^u ! decl>ation ( ! national   
em]g5cy & is n %ort] ?an #cj days4  #c4 
,limitation ,cov]age provid$ pursuant to
 section #b %all n cov] any losses ( any
 insur$ bus9ess :i* has1 dur+ ! p]iod t 
! national em]g5cy is 9 effect-- 7#a7   
involunt>ily t]m9at$ ! employm5t ( any  
employee ( ! insur$ bus9ess2 or  7#b7   
t]m9at$ ! heal? c>e insurance cov]age1  
if provid$1 = any employee ( ! insur$   
bus9ess4  #d4 ,treatm5t ( exclusions ,a 
contract = bus9ess int]ruption insurance
 cov]age may exclude cov]age = bus9ess  
int]ruptions result+ f national         
em]g5cies only if-- 7#a7 ! insur] has   
receiv$ a writt5 /atem5t f ! insur$ t   
affirmatively au?orizes su* exclusion2  

or  7#b7 ! insur$ fails to pay any      
premium *>g$ by ! insur] = provid+ su*  
cov]age4  #e4 ,/udy reg>d+ e/abli%m5t ( 
,f$]al back/op ,! ,f$]al ,advisory      
,committee on ,insurance e/abli%$ by !  
,secret>y ( ! ,treasury pursuant to     
section #cac7;h7 ( title #ca1 ,unit$    
,/ates ,code1 %all conduct a /udy reg>d+
 ! effectiv5ess & effici5cy ( us+ a     
,f$]al back/op me*anism1 private equity 
pools1 risk assessm5ts1 & m>ket pric+ to
 re9sure insur]s = excessive losses "u  
cov]age made available pursuant to      
section #b ( ?is ,act4 ,! ,committee    
%all submit to ! ,congress a report     
sett+ =? ! f9d+s ( ! /udy n lat] ?an !  
expiration ( ! #ahj-;day p]iod beg9n+ on
 ! date ( ! enactm5t ( ?is ,act4  #f4   
,effective date ,^u a det]m9ation t !re 
is 9 effect a ,f$]al back/op me*anism to
 re9sure insur]s = excessive losses "u  
cov]age made available pursuant to      
section #b ( ?is ,act1 ! ,secret>y ( !  
,treasury %all issue a c]tification t   
su* me*anism is 9 place1 & cause su*    

c]tification to be publi%$ 9 ! ,f$]al   
,regi/]4  #g4 ,def9itions ,= purposes ( 
?is section1 ! foll[+ def9itions %all   
apply3 7#a7 ,bus9ess int]ruption        
insurance cov]age ,! t]m bus9ess        
int]ruption insurance cov]age means     
prop]ty & casualty insurance cov]age    
provid$ or made available = losses      
result+ f p]iods ( susp5d$ bus9ess      
op]ations1 :e!r provid$ "u broad]       
cov]age or sep>ately4  7#b7 ,insur] ,!  
t]m insur] has ! mean+ giv5 su* t]m 9   
section #ajb ( ! ,t]rorism ,risk        
,insurance ,act ( #bjjb 7#ae ,u4,s4,c4  
#fgja note74  7#c7 ,national em]g5cy ,! 
t]m national em]g5cy means any-- 7,a7   
em]g5cy or disa/] decl>$ by ! ,presid5t 
pursuant to ! ,rob]t ,t4 ,/af=d ,disa/] 
,relief & ,em]g5cy ,assi/ance ,act 7#db 
,u4,s4,c4 #eaba et seq472 or  7,b7      
public heal? em]g5cy decl>$ by !        
,secret>y ( ,heal? & ,human ,s]vices    
pursuant to section #cai ( ! ,public    
,heal? ,s]vice ,act 7#db ,u4,s4,c4      
#bdg;d74