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percent of the premium charged under the 
policy; and 
‘‘(ii) with respect to group life insur-
ance, the amount equal to 0.0053 percent 
of the amount at risk under the policy. 
‘‘(D) ADJUSTMENT
FOR
URBAN
AND 
SMALLER COMMERCIAL AND RURAL AREAS AND 
DIFFERENT LINES OF INSURANCE.— 
‘‘(i) ADJUSTMENTS.—In determining 
the method and manner of imposing ter-
rorism loss risk-spreading premiums, in-
cluding the amount of such premiums, the 
Secretary shall take into consideration— 
‘‘(I) the economic impact on com-
mercial centers of urban areas, includ-
ing the effect on commercial rents and 
commercial insurance premiums, par-
ticularly rents and premiums charged 
to small businesses, and the avail-
ability of lease space and commercial 
insurance within urban areas; 
‘‘(II) the risk factors related to 
rural areas and smaller commercial 
centers, including the potential expo-
sure to loss and the likely magnitude 
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of such loss, as well as any resulting 
cross-subsidization that might result; 
and 
‘‘(III) the various exposures to 
terrorism risk for different lines of in-
surance. 
‘‘(ii) 
RECOUPMENT
OF
ADJUST-
MENTS.—Any 
mandatory 
recoupment 
amounts not collected by the Secretary be-
cause of adjustments under this subpara-
graph shall be recouped through additional 
terrorism loss risk-spreading premiums. 
‘‘(E) TIMING
OF
PREMIUMS.—The Sec-
retary may adjust the timing of terrorism loss 
risk-spreading premiums to provide for equiva-
lent application of the provisions of this title to 
policies that are not based on a calendar year, 
or to apply such provisions on a daily, monthly, 
or quarterly basis, as appropriate. 
‘‘(f) CAPTIVE INSURERS AND OTHER SELF-INSUR-
ANCE ARRANGEMENTS.—The Secretary may, in consulta-
tion with the NAIC or the appropriate State regulatory 
authority, apply the provisions of this title, as appropriate, 
to other classes or types of captive insurers and other self- 
insurance arrangements by municipalities and other enti-
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ties (such as workers’ compensation self-insurance pro-
grams and State workers’ compensation reinsurance 
pools), but only if such application is determined before 
the occurrence of an act of terrorism in which such an 
entity incurs an insured loss and all of the provisions of 
this title are applied comparably to such entities. 
‘‘(g) REINSURANCE TO COVER EXPOSURE.— 
‘‘(1) OBTAINING
COVERAGE.—This title may 
not be construed to limit or prevent insurers from 
obtaining 
reinsurance 
coverage 
for 
insurer 
deductibles or insured losses retained by insurers 
pursuant to this section, nor shall the obtaining of 
such coverage affect the calculation of such 
deductibles or retentions. 
‘‘(2) LIMITATION ON FINANCIAL ASSISTANCE.— 
The amount of financial assistance provided pursu-
ant to this section shall not be reduced by reinsur-
ance paid or payable to an insurer from other 
sources, except that recoveries from such other 
sources, taken together with financial assistance for 
the Transition Period or a Program Year provided 
pursuant to this section, may not exceed the aggre-
gate amount of the insurer’s insured losses for such 
period. If such recoveries and financial assistance for 
the Transition Period or a Program Year exceed 
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such aggregate amount of insured losses for that pe-
riod and there is no agreement between the insurer 
and any reinsurer to the contrary, an amount in ex-
cess of such aggregate insured losses shall be re-
turned to the Secretary. 
‘‘(h) PRIVILEGED PROCEDURE FOR JOINT RESOLU-
TION FOR PAYMENT OF FEDERAL COMPENSATION.— 
‘‘(1) IN GENERAL.—The Secretary shall pay the 
Federal share of compensation under the Program 
for insured losses resulting from an act of terrorism 
only if there is enacted a joint resolution for pay-
ment of Federal compensation with respect to such 
act of terrorism. 
‘‘(2) JOINT RESOLUTION.—For purposes of this 
subsection, the term ‘joint resolution for payment of 
Federal compensation’ means a joint resolution 
that— 
‘‘(A) does not have a preamble; 
‘‘(B) the matter after the resolving clause 
of which is as follows: ‘That the Congress ap-
proves of the certification by the Secretary of 
the Treasury under section 102(1)(A) of the 
Terrorism Risk Insurance Act of 2002.’; and 
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‘‘(C) the title of which is as follows: ‘To 
permit Federal compensation under the Ter-
rorism Risk Insurance Act of 2002’. 
‘‘(3) INTRODUCTION
AND
REFERRAL.—Upon 
receipt of a submission under section 102(1)(G), the 
joint resolution described in this subsection shall be 
introduced by the majority leader of each House or 
his designee (by request). In the case in which a 
House is not in session, such joint resolution shall 
be so introduced upon convening the first day of ses-
sion after the date of receipt of the certification. 
Upon introduction, the joint resolution shall be re-
ferred to the appropriate calendar in each House. 
‘‘(4) CONSIDERATION IN THE HOUSE OF REP-
RESENTATIVES.— 
‘‘(A) PROCEEDING TO CONSIDERATION.— 
Upon referral to the appropriate calendar, it 
shall be in order to move to proceed to consider 
the joint resolution in the House. Such a mo-
tion shall be in order only at a time designated 
by the Speaker in the legislative schedule within 
two legislative days. The previous question shall 
be considered as ordered on the motion to its 
adoption without intervening motion. A motion 
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to reconsider the vote by which the motion is 
disposed of shall not be in order. 
‘‘(B) CONSIDERATION.—The joint resolu-
tion shall be considered as read. All points of 
order against the joint resolution and against 
its consideration are waived. The previous ques-
tion shall be considered as ordered on the joint 
resolution to its passage without intervening 
motion except one hour of debate equally di-
vided and controlled by a proponent and an op-
ponent and one motion to limit debate on the 
joint resolution. A motion to reconsider the vote 
on passage of the joint resolution shall not be 
in order. 
‘‘(5) CONSIDERATION IN THE SENATE.— 
‘‘(A) PROCEEDING.—Upon introduction, 
the joint resolution shall be placed on the Cal-
endar of Business, General Orders. A motion to 
proceed to the consideration of the joint resolu-
tion shall be in order at any time. The motion 
is privileged and not debatable. A motion to 
proceed to consideration of the joint resolution 
may be made even though a previous motion to 
the same effect has been disagreed to. An 
amendment to the motion shall not be in order, 
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nor shall it be in order to move to reconsider 
the vote by which the motion is agreed to. 
‘‘(B) DEBATE.—Debate on the joint reso-
lution, and all debatable motions and appeals in 
connection therewith, shall be limited to not 
more than ten hours. The time shall be equally 
divided between and controlled by, the majority 
leader and the minority leader or their des-
ignees. 
‘‘(C) 
DEBATABLE
MOTIONS
AND
AP-
PEALS.—Debate on any debatable motion or 
appeal in relation to the joint resolution shall be 
limited to not more than one hour from the 
time allotted for debate, equally divided and 
controlled by the majority leader and the minor-
ity leader or their designees. 
‘‘(D) MOTION TO LIMIT DEBATE.—A mo-
tion to further limit debate is not debatable. 
‘‘(E) MOTION TO RECOMMIT.—Any motion 
to commit or recommit the joint resolution shall 
not be in order. 
‘‘(F) FINAL
PASSAGE.—The Chair shall 
put the question on final passage of the joint 
resolution no later than 72 hours from the time 
the measure is introduced. 
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‘‘(6) AMENDMENTS PROHIBITED.—No amend-
ment to, or motion to strike a provision from, a joint 
resolution considered under this subsection shall be 
in order in either the Senate or the House of Rep-
resentatives. 
‘‘(7) CONSIDERATION BY THE OTHER HOUSE.— 
In the case of a joint resolution described in this 
subsection, if before passage by one House of a joint 
resolution of that House, that House receives such 
joint resolution from the other House, then— 
‘‘(A) the procedure in that House shall be 
the same as if no joint resolution had been re-
ceived from the other House; but 
‘‘(B) the vote on final passage shall be on 
the joint resolution of the other House. 
‘‘(8) HOUSE AND SENATE RULEMAKING.—This 
subsection is enacted by the Congress as an exercise 
of the rulemaking power of the House of Represent-
atives and Senate, respectively, and as such is 
deemed a part of the rules of each House, respec-
tively, and such procedures supersede other rules 
only to the extent that they are inconsistent with 
such rules; and with full recognition of the constitu-
tional right of either House to change the rules (so 
far as relating to the procedures of that House) at 
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any time, in the same manner, and to the same ex-
tent as any other rule of that House.’’; 
(2) in section 104(a)— 
(A) in paragraph (1), by striking ‘‘and’’ at 
the end; 
(B) in paragraph (2), by striking the pe-
riod and inserting ‘‘; and’’; and 
(C) by adding at the end the following new 
paragraph: 
‘‘(3) during the 90-day period beginning upon 
the certification of any act of terrorism, to issue 
such regulations as the Secretary considers nec-
essary to carry out this Act without regard to the 
notice and comment provisions of section 553 of title 
5, United States Code.’’; 
(3) in section 104, by adding at the end the fol-
lowing new subsection: 
‘‘(h) ANNUAL ADJUSTMENT.— 
‘‘(1) IN GENERAL.—Notwithstanding any other 
provision of this title, the Secretary shall adjust, for 
the second additional Program Year and for each 
additional Program Year thereafter, based upon the 
percentage change in the Consumer Price Index for 
All Urban Consumers (CPI-U), as published by the 
Bureau of Labor Statistics of the Department of 
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Labor, during the 12-month period preceding such 
program year, each of the dollar amounts set forth 
in this title (as such amount may have been pre-
viously adjusted), including the following amounts: 
‘‘(A) 
The 
dollar 
amount 
in 
section 
102(1)(B)(ii) (relating to act of terrorism). 
‘‘(B) The dollar amounts in subparagraphs 
(J) and (K) of section 102(11) (relating to an 
insurer deductible threshold based on the 
amount of aggregate industry insured losses). 
‘‘(C) The dollar amounts in subparagraphs 
(A) and (B) of section 103(e)(1) (relating to 
limitation on Federal share). 
‘‘(D) The dollar amounts in section 
103(e)(1)(C) (relating to Program trigger). 
‘‘(E) 
The 
dollar 
amount 
in 
section 
103(e)(1)(D) (relating to limitation on group 
life insurance compensation). 
‘‘(F) The dollar amounts in section 
103(e)(2) (relating to cap on annual liability). 
‘‘(G) The dollar amounts in section 
103(e)(3)(C) (relating to limitation on insurer 
financial liability). 
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‘‘(H) The dollar amounts in section 
103(e)(4) (relating to notices regarding losses 
and annual liability cap). 
‘‘(I) 
The 
dollar 
amounts 
in 
section 
103(e)(7) (relating to insurance marketplace 
aggregate retention amount). 
‘‘(J) The dollar amounts in section 
109(b)(1)(C) (relating to membership of Com-
mission on Terrorism Insurance Risk). 
‘‘(2) PUBLICATION.—The Secretary shall make 
the dollar amounts for each additional Program 
Year, as adjusted pursuant to this subsection, pub-
licly available in a timely manner.’’; 
(4) in section 106(a)(2)— 
(A) in subparagraph (B), by striking 
‘‘and’’ at the end; 
(B) by redesignating subparagraph (C) as 
subparagraph (F); and 
(C) by inserting after subparagraph (B) 
the following new subparagraphs: 
‘‘(C) during the period beginning on the 
date of the enactment of the Terrorism Risk In-
surance Revision and Extension Act of 2007 
and ending on December 31, 2008, rates and 
forms for property and casualty insurance, and 
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group life insurance, required by this title and 
providing coverage except for NBCR terrorism 
that are filed with any State shall not be sub-
ject to prior approval or a waiting period under 
any law of a State that would otherwise be ap-
plicable, except that nothing in this title affects 
the ability of any State to invalidate a rate as 
excessive, inadequate, or unfairly discrimina-
tory, and, with respect to forms, where a State 
has prior approval authority, it shall apply to 
allow subsequent review of such forms; 
‘‘(D) during the period beginning on the 
date of the enactment of the Terrorism Risk In-
surance Revision and Extension Act of 2007, 
and ending on December 31, 2009, forms for 
property and casualty insurance, and group life 
insurance, covered by this title and providing 
coverage for NBCR terrorism that are filed 
with any State, to the extent of the addition of 
such coverage for NBCR terrorism and where 
such coverage was not previously required, shall 
not be subject to prior approval or waiting pe-
riod under any law of a State that would other-
wise be applicable; 
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