31 CFR 50.80 - Federal cause of action and remedy.

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§ 50.80 Federal cause of action and remedy.
(a) General. If the Secretary certifies an act as an act of terrorism pursuant to section 102 of the Act, there shall exist a Federal cause of action for property damage, personal injury, or death arising out of or resulting from such act of terrorism, pursuant to section 107 of the Act, which shall be the exclusive cause of action and remedy for claims for property damage, personal injury, or death arising out of or relating to such act of terrorism, except as provided in paragraph (c) of this section.
(b) Effective period. The exclusive Federal cause of action and remedy described in paragraph (a) of this section shall exist only for causes of action for property damage, personal injury, or death that arise out of or result from acts of terrorism that occur or occurred during the effective period of the Program.
(c) Rights not affected. Nothing in section 107 of the Act or this Subpart shall in any way:
(1) Limit the liability of any government, organization, or person who knowingly participates in, conspires to commit, aids and abets, or commits any act of terrorism;
(2) Affect any party's contractual right to arbitrate a dispute; or
(3) Affect any provision of the Air Transportation Safety and System Stabilization Act (Pub. L. 107-42; 49 U.S.C. 40101 note).

Title 31 published on 2014-07-01.

The following are only the Rules published in the Federal Register after the published date of Title 31.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

  • 2015-02-06; vol. 80 # 25 - Friday, February 6, 2015
    1. 80 FR 6656 - Interim Guidance Concerning the Terrorism Risk Insurance Program Reauthorization Act of 2015
      GPO FDSys XML | Text
      DEPARTMENT OF THE TREASURY, Departmental Offices
      Notice of interim guidance.
      February 4, 2015.
      31 CFR Part 50

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United States Code
U.S. Code: Title 15 - COMMERCE AND TRADE
U.S. Code: Title 31 - MONEY AND FINANCE

Title 31 published on 2014-07-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 31 CFR Part 50 after this date.

  • 2015-02-06; vol. 80 # 25 - Friday, February 6, 2015
    1. 80 FR 6656 - Interim Guidance Concerning the Terrorism Risk Insurance Program Reauthorization Act of 2015
      GPO FDSys XML | Text
      DEPARTMENT OF THE TREASURY, Departmental Offices
      Notice of interim guidance.
      February 4, 2015.
      31 CFR Part 50