Senate fails to pass Terrorism Risk Insurance Act

Elizabeth Warren - Reauthorizing TRIA: The State of the Terrorism Risk Insurance Market attacks of September 11, 2001. In the aftermath of these attacks, the 107th congress moved quickly to pass the Aviation and Transportation Security Act (ATSA; P.L. 107-71) creating the Transportation Security Administration (TSA) and mandating a federalized workforce of security screeners to inspect airline passengers and their baggage.

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 · While it is almost impossible to go a day without hearing about the nation’s obesity crisis, few people are aware that it is also a national security issue. In fact, about one-third of young.

 · Virtually no member of Congress – Republican or Democrat – wanted the Terrorism Risk Insurance Act of 2002 to lapse at the end of this year. The Senate.

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In November, 2002, Congress enacted the Terrorism Risk Insurance Act (TRIA). Its purpose was to provide government reinsurance in the event of a large-scale terrorist attack. Congress extended the Act in 2005 and again in 2007. Presently, TRIA is set to expire on December 31, 2014.

Photograph: AP Many US businesses could find themselves without terrorism. Senate failed to extend a government programme that backstops insurers’ losses from terrorist attacks. The Senate had been.

WASHINGTON – Three key sections of the Patriot Act are set to expire on June 1 unless the Senate resolves a stalemate with the House over the future of the sweeping anti-terrorism law. "If the.

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And lawmakers must pass a so-called “continuing resolution” funding the federal government by Oct. 1, or risk a government. especially since Congress failed to deliver on its promise to repeal the.

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The U.S. Senate July 17 voted voted 93-4 to pass a bill that would ensure the construction industry is able to secure affordable terrorism insurance for seven more years. The vote on S. 2244, which reauthorizes the Terrorism Risk Insurance Act (TRIA), took place just six months before TRIA was set to expire again.

On Wednesday, the House of Representatives had voted 416-5 to renew the Terrorism Risk Insurance Act (TRIA) for six years. President Barack Obama is expected to sign the bill (H.R. 26) into law.