H. R. 1865—493 

(2) by adding at the end the following: 

‘‘(B)(i) If there is an insufficient number of directors to constitute a quorum under subparagraph (A) for 120 consecutive days 

during the term of a President of the United States, a temporary Board, consisting of the following members, shall act in the stead of the Board of Directors: 

‘‘(I) The United States Trade Representative. ‘‘(II) The Secretary of the Treasury. ‘‘(III) The Secretary of Commerce. ‘‘(IV) The members of the Board of Directors. 

‘‘(ii) If, at a meeting of the temporary Board— 

‘‘(I) a member referred to in clause (i)(IV) is present, the 

meeting shall be chaired by such a member, consistent with Bank bylaws; or 

‘‘(II) no such member is present, the meeting shall be 

chaired by the United States Trade Representative. 

‘‘(iii) A member described in subclause (I), (II), or (III) of clause 

(i) may delegate the authority of the member to vote on whether 

to authorize a transaction, whose value does not exceed $100,000,000, to— 

‘‘(I) if the member is the United States Trade Representative, the Deputy United States Trade Representative; or ‘‘(II) if the member is referred to in such subclause (II) 

or (III), the Deputy Secretary of the department referred to in the subclause. ‘‘(iv) If the temporary Board consists of members of only one 

political party, the President of the United States shall, to the extent practicable, appoint to the temporary Board a qualified member of a different political party who occupies a position requiring nomination by the President, by and with the consent of the Senate. 

‘‘(v) The temporary board may not change or amend Bank 

policies, procedures, bylaws, or guidelines. 

‘‘(vi) The temporary Board shall expire at the end of the term 

of the President of the United States in office at the time the temporary Board was constituted or upon restoration of a quorum of the Board of Directors as defined in subparagraph (A). 

‘‘(vii) With respect to a transaction that equals or exceeds $100,000,000, the Chairperson of the temporary Board shall ensure 

that the Bank complies with section 2(b)(3).’’. 

(b) TERMINATION.—The amendments made by subsection (a) 

shall have no force or effect after December 31, 2026. 

TITLE V—TERRORISM RISK INSURANCE 

PROGRAM EXTENSION 

SEC. 501. SHORT TITLE. 

This title may be cited as the ‘‘Terrorism Risk Insurance Program Reauthorization Act of 2019’’. 

SEC. 502. 7-YEAR EXTENSION OF TERRORISM RISK INSURANCE PROGRAM. 
H. R. 1865—494 

(b) 

TIMING OF 

MANDATORY 

RECOUPMENT.—Section 

103(e)(7)(E)(i) of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended— 

(1) in subclause (I)— 

(A) by striking ‘‘2017’’ and inserting ‘‘2022’’; and (B) by striking ‘‘2019’’ and inserting ‘‘2024’’; 

(2) in subclause (II)— 

(A) by striking ‘‘2018’’ and inserting ‘‘2023’’; (B) by striking ‘‘2024’’ and inserting ‘‘2029’’; and (C) by striking ‘‘2019’’ and inserting ‘‘2024’’; and 

(3) in subclause (III)— 

(A) by striking ‘‘2024’’ and inserting ‘‘2029’’; and (B) by striking ‘‘2019’’ and inserting ‘‘2024’’. 

(c) ONGOING 

REPORTS 

REGARDING 

MARKET 

CONDITIONS FOR 

TERRORISM 

RISK INSURANCE.—Paragraph (2) of section 104(h) of 

the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended— 

(1) by redesignating subparagraphs (B) through (E) as subparagraphs (C) through (F), respectively; and (2) by inserting after subparagraph (A) the following new 

subparagraph: 

‘‘(B) an evaluation of the availability and affordability 

of terrorism risk insurance, which shall include an analysis of such availability and affordability specifically for places of worship;’’. 

(d) STUDY AND 

REPORT ON 

CYBER 

TERRORISM.—Not later than 

the expiration of the 180-day period beginning on the date of the enactment of this Act, the Comptroller General of the United States shall conduct a study and report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate, which shall— 

(1) analyze and address— 

(A) overall vulnerabilities and potential costs of cyber 

attacks to the United States public and private infrastructure that could result in physical or digital damage; 

(B) whether State-defined cyber liability under a property and casualty line of insurance is adequate coverage 

for an act of cyber terrorism; 

(C) whether such risks can be adequately priced by 

the private market; and 

(D) whether the current risk-share system under the 

Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is appropriate for a cyber terrorism event; and (2) set forth recommendations on how Congress could 

amend the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) to meet the next generation of cyber threats. 

TITLE VI—NASA ENHANCED USE 

LEASING EXTENSION 

S

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