HR 7128 · 119th CongressIn Committeecongress.gov ↗
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What this bill does
AI plain-language summaryThis bill extends a government program called the Terrorism Risk Insurance Program until 2034. The program helps private insurance companies cover some of their losses when they have to pay out claims related to terrorism. Starting in 2029, the bill raises the minimum amount of insurance losses needed before the program kicks in. It also gives the Department of the Treasury official legal authority to notify the public about how it decides whether something counts as an act of terrorism under the program.
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