H.R. 4721 would amend the Terrorism Risk Insurance Act of 2002 to temporarily reduce the insurer deductibles for insurers sustaining insured losses from large terrorism events.

== Detailed Summary ==

<summary>
(Log inTerrorism Risk Insurance Improvement Act of 2007 - Amends the Terrorism Risk Insurance Act of 2002 to editrevise the wiki and be the firstdefinition of &quot;insurer deductible&quot; with respect to provide a detailed summarysituation where aggregate industry insured losses resulting from a certified act of terrorism exceed $1 billion for an insurer that sustains any of such losses.

Sets forth a calculation for the value of such an insurer's direct earned premiums over the calendar year immediately preceding the bill!)program year.
</summary>

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== Status of the Legislation ==

<status>
(Log inLatest Major Action: 3/28/2008: Referred to House subcommittee. Status: Referred to edit the wikiSubcommittee on Capital Markets, Insurance and be the first to update the status of the bill!)Government Sponsored Enterprises.
</status>

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== Points in Favor ==

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== Points Against ==

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