US Representative Carolyn Maloney, who represents most of East Manhattan along with parts of Brooklyn and Queens in New York City, this week officially filed the latest insurance-targeted legislation relating business interruption insurance. The Pandemic Risk Insurance Act (PRIA) would provide for business interruption insurance coverage going forward and protect businesses in the event of any future pandemics. PRIA (filed as H.R. 7011) would create a public-private system of insurance whereby the federal government beginning on January 1, 2021 would serve as a backstop for the insurance industry in the case of a future pandemic or re-emergence of the coronavirus pandemic after that date. The proposal is modeled after the Terrorist Risk Reduction Act of 2002, which was adopted after the bombing of the World Trade Center Towers and has subsequently been reauthorized on several occasions. The bill joins the Business Interruption Insurance Act (HR 6494) as the only two formally filed to date, while the COVID-19 Business and Employee Continuity and Recovery Fund, and the Never Again Small Business Protection Act are still on the Congressional drawing board.