A bill to establish a commission to study and report on the crisis in the availability and affordability of liability insurance.

Establishes the Commission on the Liability Insurance Crisis to study: (1) the current financial condition of the insurance industry, including the economic factors that affect the crisis in the availability and affordability of insurance for businesses and municipalities; and (2) the relationship between State tort law and such crisis. Requires the Commission to submit a report to the Congress. Terminates the Commission 60 days after the submission of such report.