Search
 

Officials Encourage Congress to Extend TRIA

WASHINGTON, DC-The National Conference of State Legislatures sends a letter to leaders of the US House of Representatives and the Senate, urging members to pass a short-term extension of the TRIA before the legislation expires on December 31.

By Barbra Murray | Updated on November 01, 2005

(To read more on the debt and equity markets, click here.)

WASHINGTON, DC-In a letter to the leaders of the US House of Representatives and the US Senate, officials of the National Conference of State Legislatures implore members to pass an extension of the Terrorism Risk Insurance Act of 2002. TRIA has a Dec. 31 expiration date.

The short-term extension, NCSL says, will allow lawmakers to develop a long-term solution to address the issues for which TRIA was originally put in place. In response to the economic devastation caused by the September 11, 2001 terror attacks, lawmakers signed TRIA into law to provide a temporary federal reinsurance to cover insurance payouts for damaged properties in the event of other terror attacks.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.