Congressional Record: Proceedings and Debates of the 107th Congress, First Session, Volume 147, Part 17 Page: 23,322
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CONGRESSIONAL RECOR HUSE
involvement in the community. Free
flu shots and participation at county
fairs and festivals ate just a couple of
the many vays that Clearfield EMS
has taken the lead in community edu-
cation and involveiment-
I congratulate Clearfield EMS on
their exceptional accomplishments and
their deterination to improve their
already stellar service. Clearfield EMS
should serve e as an example in excel_-
lence for other ambulance services na-
tionwide-
[-] 1100
TREATING HIN-AIDS AS A THREALT
TO GLOBAL SECURITY
(Ms. WATSON of California asked
and was given permission to address
the House for 1 minute and to revise
and extend her remarks.)
Ms. WATSON of California. Mi-
Speaker, in honor of World A~IDS DayT,
we must remember that it is estimTated
that by 2010, one-quarter of South Afri-
ca's population will be infected by -
HIV-AID. Othei African nations are
suffering similar rates of infection-.
In late August, I traveled to South
Africa to examine the HIV-IDS pan-
denmi firsthand. While there, I visited
KwaZuiu-Na tal, a region with the high-
est HIV infection in the world. In that
region, an estimated I in 3 adults tess
positive for HI T. The tine has come for
the United Sta tes to treat HIV as the
threat to global security that it is-.
Let us not forget that Osama bin
Laden has exploited the nmisery- of an-
other state where livii society has col-
lapsed, Afghanistan, to serve as a base
for his terror network. The Tnited
States must act to prevent HINT from
destroying an entire generation, not
only of Africans, but those in Afghani-
stan-
I urge my colleag.es to remember
this day on the 1st of Decemiber and
ask for a r enew ed effort to fig ht
against HIV-AIDS in Africa-.
TERRORIS M RISK PROTECTION
ACT
Mr. SESSIONS. Mr. Speaker, byT di-
rection of the Committee on Rules, I
call up House Resoiution 297 ask for its
immediate consideration.
The Clerk read the resolution, as fol-
lows:
H. HEs. 297
Rescired, Tat upon the adoption of this
resolution it shall be in order without inter-
vention of any point of order to consider in
the House the bill (H.R.~ 3210) to ensure the
continued financial capacity of insurers to
provide coverage for risks from terrorinm-
The bill shall be considered as read for
amendment. In lieu of the amendments rec-
onmmended by the Conmmittee on Financial
Services and the Committee on Ways and
Means now printed in the bill, an amend-
ment in the nature of a substitute consulting
of the text of H.R 3357 sihall be consideredadopted. The piev'icus question shall )( con-
sidered as ordered on the bill, as amended-
and on any further amendment theiretc to
final passa ge without intcirvening motion ex-
cept: (1) one hour of debate on the bill, as
amended, equally divided and contirci ed by
the ch airinan and matnkiing mincrilty member
of the Committee on Financial Seivices; (2)
the further amendment printed in the report
of the Committee cii Huhes accompanying
this resolution, if offered by Hepresentative
LaFalce of New York or his designee, which
shall be iii order without intervention of any
point of order, shall be considered as read.
and shall be seaately debtable for one
itoni equally divideed and ccintiroiled by the
proponent and an opponent; and (3) one mo-
tion to recommit with or without instrue-
tions.
The SPEA KER pro tempore (Mr.
SHIKUS). The gentleman from Texas
(Mr. 2ESSitNa) is recognized for I houir.
Mr. SESSIONS. Mr. Speaker, for the
putrpcse of debate onily, I -ield the cus-
tomary 30 minutes to the gentlewoma n
from New York (M s. 5LAUGHTER), pend-
ing which I yield my self such tim e as I
nay consume. During consideration of
this resolution, all time yielded is for
the purpose of debate only.
Mr. Speak ei, the resolution before ns
today is a fair, modified rule providing
for the consideration of H.R. 3210, the
Terrorism Risk Protection Act. The
rule provides that in lien of the anmend-
ments recomrneiided by the Coinmtittee
cii Financial Services and the Com-
mittee on Way and Means, an amend-
ment in the nature of a sulstitute con-
sisting of the text of H.R. 357 shaliil be
considered as adopted.
The rule w ayes all points of order
against consider tion of the bill, as
amended, and provides for 1 hour of de-
bate in the House, equal1y divided and
controlled Iby the chairman and rank-
ing minority nieniber of the Conimittee
on Financial Services. It also provides
for consideration of the amendment in
the nature of a substitute printed in
the Coinmtittee on Ruties report ac cm-
panying the resolution, if offered by
the gentlemtan from New Yor k (Mr. LA-
FALcE) or his designee.
The bill shall be considered as read
and shall be separatelyT debatable for I
houi, equally divided and controlled Iby
the proponent andi opponent. The rule
waives all points of order against con-
sideration of the amendment printed in
the reported. Finally, the rule pmrcvides
for cite motion to recomtmit, with or
w ithout instructions.
Mr. Speaker, on September 11, the
collective memory of Amerieans was
aiteredi forever, The terrorist attacks
resulted in aii incalculable Icss both in
terms of life and the destruction of
buildings, property and I usinessTes. In
the 2 months since the attacks,
America hias begun the painful process
of recovery and healing.
Today we ate heie to consider H.P.
3210, the Terrorism Risk Protection
Act. Exposure to terrorism is not oniy,
a threat to our national security, but is
ilso a threat to the United States andglobal economic. Trhe full extent of in-
sured losses ftrcm Septenmher 11 is not
yet known, but current estimates span
front the range of $30 billion to $70 bil-
lion.
There is no doubt that these terrorist
atta cks have resulted in the niost catc -
strophic icss in the history of property
and casualty insurance. W'hiie the in-
surance industry ha indi ated that it
will be abie to cover total losses, and
should be commended for its resiliency,
w e are faced w ith a new situation that
requires an innovative and creative so-
lution.
As c ir President, President Bush, de-
dlared, this Nation is nowT faced with
fighting different ind of war against
a new enemy. Jus as cui military
leaders have hand to emtplcy new strate-
gies and tactics to fig ht the Tar
abroad, we hate had to make adjust-
nments in our own homeland.
Prior to Septentber 11, terrorists in-
surance coverage was generally in-
cludedi in mcost commercial and per-
sonal contracts. However, the prospect
of future attacks has set off a dan-
gercus chain reaction.
The reinsurance industry, which in-
sures insuran ce companies, has indi-
cated its inability to provide terrorism
ccoTerage without a shcrt-term Federa1
bakstop. Without reinsurance for the
risk of terrorists, insurtance companies
are forced to specifically exclude it
fromt future policies. W'ithcut this ter-
rotrism coverage, lenders are unlikely
to indierw'rite loa ns for mcajcr p rojects.
This sequence of ev-ents could result in
dangerous disruptions to the mtarket-
piace and further hurt our economy.
W hiie afew fuiiy understccd intrica-
kies of risk a ssessment cand prenmium
pricing are appar ent, the effects on our
marketplace are aireadyT being felt. I
wcuid like to highlight just a few of
these real live examples.
There is a smahi construction con-
tractor in McaryThand that re centiy
found out that his insurance premium
might triple to .150,000 a Tear,
New York's JFK International Air-
point termnnai cannot secure the $1 bil-
lion in insurance coverage it needs,
which has led the developer to recon-
sider shutting the terminal down.
The city of Chicago has received a
bill to renew its war on terrorism in-
surance for next year at a 5,000 percent
increase ovTer its 2001 ra tes.
These snaps~hcts from around the
country, form a composite picture of a
dire circumstance that requires action
front Congress
Since September 11, Congress has
mocved in a timelyT fashion to address
the need that have arksen front the bi-
partisann supplemental appropriations
funding, provided just a few day Tafter
the attacks, to legislation that ad-
dresses the need for increasedi airline
security, to an economic stinmulus
package. This House has responded to
its calling.November 29, 2001
23322
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United States. Congress. Congressional Record: Proceedings and Debates of the 107th Congress, First Session, Volume 147, Part 17, book, 2001; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metadc31049/m1/7/: accessed May 14, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.