Terrorism Risk Insurance Extension Act of 2005
Public Law 109-144 · S. 467 · 109th Congress · began in the Senate
Signed by George W. Bush (R) on Dec 22, 2005 · Finance and Financial Sector
Sponsor: Sen. Christopher Dodd (D-CT)
Cosponsors (33): Sen. Robert Bennett, Sen. Chuck Schumer,
Passage votes
- HouseVoice vote
- SenateUnanimous consent
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
Terrorism Risk Insurance Extension Act of 2005 - Amends the Terrorism Risk Insurance Act of 2002 to extend the terrorism risk insurance program from 2005 through 2007.
Defines Program Year 5 as ending on December 31, 2007.
Excludes from covered lines of insurance: (1) commercial automobile insurance; (2) burglary and theft insurance; (3) surety insurance; (4) professional liability insurance; and (5) farm owners multiple peril insurance.
Prescribes formulae for insurer deductibles for Program Years 4 and 5.
Sets the federal share of insured loss compensation for Program Year 5 at 85% (Year 4 is currently 90%) of the amount of insured losses exceeding the applicable insurer deductible.
Specifies for Program Years 4 and 5 increasing maximum aggregate retention amounts in the formula for mandatory recoupment of the federal share of insured loss compensation paid.
States that compensation for a certified act of terrorism occurring after March 31, 2006, shall be paid only if the aggregate industry insured losses exceed either: (1) $50 million occurring in Program Year 4; or (2) $100 million occurring in Program Year 5.
States that procedures and requirements for advance approval of settlements established by the Secretary are applicable to any cause of action for damages in connection with a determination by the Secretary that an act of terrorism has occurred.
Directs the President's Working Group on Financial Markets to analyze and report to certain congressional committees on the long-term availability and affordability of insurance for terrorism risk, including: (1) group life coverage; and (2) coverage for chemical, nuclear, biological, and radiological events.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Related bills
2 bills the Library of Congress relates to this one.
H.R. 4314Related bill
Terrorism Risk Insurance Revision Act of 2005
H.R. 4513Related bill
Terrorism Risk Insurance Program Temporary Extension Act of 2005
Data notes
Related bills are identified by the Congressional Research Service, the House and the Senate: companion and identical bills, bills with similar text, bills that were folded into this law, and rules that brought it to the floor. A bill that is itself a public law in this site’s data links here; the others link to Congress.gov.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 37 actions.
- Dec 22, 2005Became lawBecame law · Became Public Law No: 109-144.
- Became lawBecame law · Signed by President.
- Dec 19, 2005FloorFloor · Presented to President.
- Dec 17, 2005Resolving differencesResolving differences · Motion to reconsider laid on the table Agreed to without objection.
- Resolving differencesResolving differences · On motion that the House suspend the rules and agree to the Senate amendment to the House amendment Agreed to by voice vote.
- Resolving differencesResolving differences · Mr. Oxley moved that the House suspend the rules and agree to the Senate amendment to the House amendment.
- FloorFloor · DEBATE - The House proceeded with forty minutes of debate on the motion to suspend the rules and agree to the Senate amendment to the House amendment to S. 467.
- OtherOther · Cleared for White House.
- OtherOther · Resolving differences -- House actions: On motion that the House suspend the rules and agree to the Senate amendment to the House amendment Agreed to by voice vote.
- Dec 16, 2005Resolving differencesResolving differences · Senate concurred in House amendment with an amendment (SA 2689) Unanimous Consent.
- FloorFloor · Message on Senate action sent to the House.
- OtherOther · Resolving differences -- Senate actions: Senate concurred in House amendment with an amendment (SA 2689) Unanimous Consent.
- Dec 12, 2005FloorFloor · Message on House action received in Senate and at desk: House amendment to Senate bill.
- Dec 7, 2005Resolving differencesResolving differences · The Speaker appointed a conferee for consideration of the Senate bill and the House amendment, and modifications committed to conference: Sessions.
- Resolving differencesResolving differences · The Speaker appointed conferees - from the Committee on the Judiciary for consideration of secs. 2 and 6 of the Senate bill and modifications committed to conference: Sensenbrenner, Goodlatte, and Conyers.
- Resolving differencesResolving differences · The Speaker appointed conferees Provided that Mr. Israel is appointed in lieu of Mr. Capuano for consideration of secs. 4, 5, and 7 of the Senate bill, and secs. 103 and 105 of the House amendment, and modifications committed to conference.
- Resolving differencesResolving differences · The Speaker appointed conferees - from the Committee on Financial Services for consideration of the Senate bill and the House amendment, and modifications committed to conference: Oxley, Baker, Pryce (OH), Kelly, Kanjorski, Capuano, and Crowley.
- Resolving differencesResolving differences · On motion that the House insist upon its amendment, and request a conference Agreed to without objection.
- Resolving differencesResolving differences · Mr. Oxley moved that the House insist upon its amendment, and request a conference.
- FloorFloor · Motion to reconsider laid on the table Agreed to without objection.
- FloorFloor · On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 371 - 49 (Roll no. 612).House roll call 612
- FloorFloor · Considered as unfinished business.
- FloorFloor · At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
- FloorFloor · DEBATE - The House proceeded with forty minutes of debate on S. 467.
- FloorFloor · Considered under suspension of the rules.
- FloorFloor · Mr. Oxley moved to suspend the rules and pass the bill, as amended.
- Nov 18, 2005FloorFloor · Held at the desk.
- FloorFloor · Message on Senate action sent to the House.
- FloorFloor · Received in the House.
- FloorFloor · Passed Senate with an amendment by Unanimous Consent.
Data notes
Every action the Library of Congress lists for the bill, from introduction to signing, plus the dated committee hearings. The source lists many steps twice (the chamber’s own entry and the Library of Congress copy, or a presidential and a became-law entry with the same words); those are shown once. Amendments are listed in their own section.
Amendments
2 amendments offered to the bill, with the last recorded step of each.
- Agreed to
S.Amdt. 2689SenateSen. Richard ShelbyR-AL· offered Dec 16, 2005Agreed to
In the nature of a substitute.
Dec 16, 2005: Amendment SA 2689 agreed to in Senate by Unanimous Consent.
- Agreed to
S.Amdt. 2600SenateSen. Richard ShelbyR-AL· offered Nov 17, 2005Agreed to
To make a modification.
Nov 18, 2005: Amendment SA 2600 agreed to in Senate by Unanimous Consent.
Data notes
Amendments offered to this bill in either chamber, as the Library of Congress records them: each with a status read from its last recorded step: agreed to, rejected, withdrawn, ruled out of order, fell with another amendment, or offered with no vote recorded (most Senate amendments are only ever offered). The wording of each amendment is the source’s. Amendments to amendments and amendments to other bills are not listed.
Official record
The bill’s full text is on Congress.gov. Data through Oct 7, 2026.