US Congress House Bill 6494 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 11-0)
Status: Introduced on April 14 2020 - 25% progression, died in committee
Action: 2020-04-14 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Requires insurers that provide business interruption coverage to insure as part of this coverage losses from a viral pandemic, a government-ordered business closure or evacuation, or a power disruption conducted for public safety purposes. The bill also nullifies provisions in a business interruption insurance contract in force on the date of enactment that exclude such an event from coverage. An insurer may reinstate such an exclusion if (1) the insured authorizes the reinstatement in writing, or (2) the insured fails to pay the corresponding premium increase after adequate notice by the insurer of such an increase.

Business Interruption Insurance Coverage Act of 2020

Rep. Mike Thompson [D-CA]	Rep. Alcee Hastings [D-FL]	Rep. Grace Napolitano [D-CA]	Rep. Jerry McNerney [D-CA]
Rep. Gil Cisneros [D-CA]	Rep. TJ Cox [D-CA]	Rep. John Garamendi [D-CA]	Rep. Katie Porter [D-CA]
Rep. Ro Khanna [D-CA]	Rep. Charlie Crist [D-FL]	Rep. Steve Cohen [D-TN]

Date	Chamber	Action
2020-04-14	House	Referred to the House Committee on Financial Services.
2020-04-14	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/6494/all-info
Text	https://www.congress.gov/116/bills/hr6494/BILLS-116hr6494ih.pdf