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Key Votes
S 2600 - Terrorism Insurance Bill - Key Vote
National Key Votes
Debbie Stabenow voted Yea (Passage) on this Legislation.
Read statements Debbie Stabenow made in this general time period.
Stages
Family
Issues
Stage Details
Legislation - Bill Passed (Senate) (84-14) - June 18, 2002(Key vote)
Title: Terrorism Insurance Bill
Vote Result
Yea Votes
Nay Votes
Vote to pass a bill that would provide compensation to insurance companies against losses incurred from future terrorist related attacks. These funds would be provided through a new Terrorism Insured Loss Shared Compensation Program headed by the Secretary of the Treasury.
- Requires the government to cover 80 percent of losses less than $10 billion, and 90 percent of losses from $10 billion to $100 billion through December 31, 2002.
- Allows the Secretary of the Treasury to have the option to extend the program through December 31, 2003 with the government responsible for 90 percent of claims from $15 billion to $100 billion.
- Claims exceeding $100 billion would be handled at the discretion of Congress.
Sponsors
- Christopher J. 'Chris' Dodd (CT - D) (Out Of Office)
Co-sponsors
- Hillary Rodham Clinton (NY - D) (Out Of Office)
- Jon Stevens Corzine (NJ - D) (Out Of Office)
- Barbara A. Mikulski (MD - D) (Out Of Office)
- Harry M. Reid (NV - D) (Out Of Office)
- Paul S. Sarbanes (MD - D) (Out Of Office)
- Charles E. 'Chuck' Schumer (NY - D)
