House Financial Services Committee Chairman Jeb Hensarling said yesterday that the panel will likely vote on a bill to renew the government’s backstop for terrorism insurance losses before July 4 and possibly as soon as next week.
The bill would renew TRIA for five years and make changes to reduce the government’s role. The text of the bill is expected to be released later today.
Once the language is released, ABIA will update our TRIA matrix, which outlines and compares the 2005 TRIA legislation, the current law passed in 2007, the current Senate bill (S. 2244) and both the original and soon-to-be-released House Financial Services Committee’s (HFSC) proposals.
Read the ABIA members-only TRIA matrix.
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If you are a member of the ABIA and would like to learn more about our support of TRIA or join our TRIA Task Force, please contact us and visit our website.