Arts and Artifacts Indemnity Act Amendments of 2003

H.R. 829, the Arts and Artifacts Indemnity Act Amendments of 2003, proposed to increase the federal limits on the total dollar amount the government can guarantee to cover loss or damage to art and artifacts during major exhibitions. By raising these insurance caps for both individual exhibitions and the program as a whole, the bill aimed to make it more affordable for museums to host high-value international and domestic loans. For the public, this legislation was designed to ensure that significant cultural and historical treasures remain accessible for viewing in local museums by reducing the high private insurance costs that often prevent such exhibitions from touring.