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Monday, August 3, 2015

Representative Posey Introduces Bill to Amend Terrorism Risk Insurance Act

Last week, Representative Bill Posey, R-Fla., introduced legislation (H.R. 3394) to amend the Terrorism Risk Insurance Act of 2002 "to allow for the use of certain assets of foreign persons and entities to satisfy certain judgments against terrorist parties."

The bill was introduced on July 29 and was co-sponsored by Reps. Dave Trott, R-Mich., Ted Deutch, D-Fla., and Henry C. Johnson, D-Ga. It was referred to the House Judiciary Committee.