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The coverage would have to include compensation for up to 180 days' fixed costs and payroll for covered public health emergencies. Insurers may offer coverage above and beyond that level. The bill would make the federal government to share the burden with private industry. (Credit: Maria Siubar/Shutterstock.com) The coverage would have to include compensation for up to 180 days’ fixed costs and payroll for covered public health emergencies. Insurers may offer coverage above and beyond that level. The bill would make the federal government to share the burden with private industry. (Credit: Maria Siubar/Shutterstock.com)

On Nov 2., 2021, the second iteration of the Pandemic Risk Insurance Act, which would establish a federal backstop for pandemic risk, was introduced by Rep. Carolyn Maloney, D-N.Y.,

The Pandemic Risk Insurance Act of 2021 (PRIA), H.R. 7011, would establish the Pandemic Risk Reinsurance Program that would create a system of shared public and private compensation for business insurance losses resulting from future pandemics or public health emergencies.

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