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Keyword: tria

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  • Business, Hensarling brace for round two [TRIA - terrorism insurance]

    10/09/2014 8:07:22 AM PDT · by Cincinatus' Wife · 5 replies
    The Hill ^ | October 9, 2014 | Kevin Cirilli
    Business groups are bracing for another battle against Rep. Jeb Hensarling (R-Texas) in the lame-duck session over reauthorizing an insurance program designed to help businesses recoup losses after terrorist attacks. Unless Congress acts, the Terrorism Risk Insurance program (TRIA) enacted after the Sept. 11, 2001 attacks will expire. The law, pitched in 2002 as a temporary program, allows the government to shoulder the costs of insurance payouts after a large-scale terrorist attack. Hensarling and other conservatives are skeptical of government involvement in the insurance industry. They argue that Congress should begin lessening its footprint in the market, in part by...