50.91—Notice to Congress.
Pursuant to section 103(e)(3) of the Act, the
Secretary shall provide an initial notice to
Congress within 15 days of the certification of an
act of terrorism, stating whether the Secretary
estimates that aggregate insured losses will
exceed $100,000,000,000 for the Program Year in
which the event occurs. Such initial estimate
shall be based on insured loss amounts as compiled
by insurance industry statistical organizations
and any other information the Secretary in his or
her discretion considers appropriate. The
Secretary shall also notify Congress if estimated
or actual aggregate insured losses exceed
$100,000,000,000 during any Program Year.