INDEMNITY AGREEMENTS.

SEC. 301. INDEMNITY AGREEMENTS. (a) Limitation Applicable to Aggregate Loss.— Section 5(b) of the Arts and Artifacts Indemnity Act (20 U.S.C. 974(b)) is amended by striking “$1,200,000,000” and inserting “$3,000,000,000”. (b) Limitation Applicable to Single Exhibit.— (1) Section 5(c) of the Arts and Artifacts Indemnity Act (20 U.S.C. 974(c)) is amended by striking “$125,000,000” and inserting “$300,000,000”. (2) Section 5(d) of the Act (20 U.S.C. 974(d)) is amended— (A) in paragraph (2) by striking “or” at the end, (B) by amending paragraph (3) to read as follows: “(3) not less than $10,000,000 but less than $125,000,000, then coverage under this Act shall extend to loss or damage in excess of the first $50,000 of loss or damage to items covered;”, and (C) by adding at the end the following: “(4) not less than $125,000,000 but less than $200,000, then coverage under this Act shall extend to loss or damage in excess of the first $100,000 of loss or damage to items covered; or 104 STAT. 1977 “(5) $200,000,000 or more, then coverage under the Act shall extend only to loss or damage in excess of the first $200,000, of loss or damage to items covered.”.