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Terrorism Risk Insurance Act of 2002

See also H.R. 3210.

Official summary

Version 00 · Introduced in Senate · Jun 7, 2002

Terrorism Risk Insurance Act of 2002 - Establishes in the Department of the Treasury the Terrorism Insured Loss Shared Compensation Program, administered by the Secretary of the Treasury, who shall have general Program authorities.Prescribes guidelines for: (1) mandatory insurance company participation in the Program; and (2) mandatory availability of property and casualty insurance.Sets a Program termination date.Expresses the sense of the Congress that the Secretary should make any determination to extend such Program in sufficient time to enable participating insurance companies to include coverage for acts of terrorism in their policies for 2003.Expresses the sense of the Congress that the insurance industry should build capacity and aggregate risk to provide affordable property and casualty insurance coverage for terrorism risk.Establishes a Federal cause of action for property damage, personal injury, or death arising out of or resulting from an act of terrorism, which shall be the exclusive cause of action and remedy for claims for such property damage, personal injury, or death (except for claims against terrorists or aiders and abettors, including governments and other entities).

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Who introduced it

Sen. Dodd, Christopher J. [D-CT] · D–CT

Committees

    6 cosponsorship records, including any withdrawals

    Actions

    A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

    1. See also H.R. 3210.

    2. Senate incorporated this measure in H.R. 3210 as an amendment.

    3. Held at the desk.

    4. Received in the House.

    5. Message on Senate action sent to the House.

    6. Passed Senate with amendments by Yea-Nay Vote. 84 - 14. Record Vote Number: 157. (text as passed Senate: CR S5669-5673)

      Senate roll call 157 · Individual votes
    7. Passed/agreed to in Senate: Passed Senate with amendments by Yea-Nay Vote. 84 - 14. Record Vote Number: 157.(text as passed Senate: CR S5669-5673)

      Senate roll call 157 · Individual votes
    8. Cloture on the bill invoked in Senate by Yea-Nay Vote. 65 - 31. Record Vote Number: 156.

      Senate roll call 156 · Individual votes
    9. Considered by Senate. (consideration: CR S5643-5650, S5662, S5656-5659, S5662-5663, S5664-5673)

    10. Considered by Senate. (consideration: CR S5624-5627)

    11. Cloture motion on the measure presented in Senate.

    12. Considered by Senate. (consideration: CR S5573-5574, S5575-5577)

    13. Measure laid before Senate by unanimous consent. (consideration: CR S5472-5501, S5503-5513, S5514-5528)

    14. Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 410.

    15. Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

    16. Introduced in Senate

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    Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.

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