Business Interruption Relief Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jun 26, 2020)
Business Interruption Relief Act of 2020
This bill establishes the Business Interruption Relief Program within the Department of the Treasury to provide financial assistance to insurers that voluntarily pay benefits under certain policies for COVID-19 (i.e., coronavirus disease 2019) losses. Specifically, insurers qualify for the program if the insurer has at least one outstanding and existing policy for business interruption coverage that (1) expressly covers losses during a civil authority shutdown as a result of the COVID-19 pandemic, and (2) expressly excludes coverage for a virus. Participation in the program is voluntary.
What just happenedJun 26, 2020
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseJun 26, 2020
- Jun 26, 2020IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jun 26, 2020IntroReferralIntro-H
Introduced in House
- Jun 26, 2020IntroReferral1000
Introduced in House