Charlie Hebdo Terrorist Attack After the horrific terrorist attack last Wednesday on the offices of Charlie Hebdo magazine in Paris, President Barack Obama spoke with French President François Hollande, expressing condolences for the loss of twelve civilian lives and solidarity with France. Countering Extremism On Sunday, the White House announced it will host a Summit … Continue Reading
House of Representatives Leadership Speaker John Boehner (R-OH) was reelected as Speaker of the House. A small faction of the Republican Party – 25 Members – did not vote for him. As a result, two of those Members, Florida Congressmen Richard Nugent and Daniel Webster, lost their seats on the influential House Rules Committee. Scott … Continue Reading
Legislative Activity Lawmakers Poised to Move Forward with TRIA Legislation, Dodd-Frank Also in Focus As previously discussed, the 113th Congress was unable to renew the Terrorism Risk Insurance Act (TRIA). Given the urgency to pass such legislation, House Speaker John Boehner (R-OH) has indicated that “the House will act very quickly in the new Congress … Continue Reading
North Korea On 2 January, President Barack Obama ordered new sanctions on three (3) entities and 10 individuals connected with the North Korean government. This action is in response to a December cyberattack on Sony Pictures Entertainment. In announcing the new U.S. sanctions, White House Press Secretary Joshua Earnest said, “We take seriously North Korea’s … Continue Reading
Before the 113th Congress adjourned on December 16, Congress adopted the Consolidated and Further Continuing Appropriations Act of 2015, which ensures the federal government operates with budget certainty until September 2015. Among the provisions included in the last-minute budget agreement was an amendment to a provision in the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) that will … Continue Reading
Legislative Activity Lawmakers Near Deal on TRIA, May Consider Insurance Capital Standards As the legislative session draws to a close, it appears that lawmakers in the Senate and House are nearing a deal to reauthorize the Terrorism Risk Insurance Act (TRIA), which is set to expire at the end of the year. While there has … Continue Reading
Legislative Activity Lawmakers to Continue Debate on TRIA As mentioned in previous coverage, Congress will continue to debate reauthorization of the Terrorism Risk Insurance Act (TRIA), which is set to expire at year’s end. While the substance and timing of such legislation remains uncertain, various lawmakers are continuing to push for a short-term (6 to … Continue Reading
Legislative Activity Lawmakers May Extend TRIA and Consider Insurance Capital Standards in the Lame Duck As Congress returns to Washington, lawmakers may focus on a few agenda items beyond appropriations legislation. Particularly, Congress may look at reauthorizing the Terrorism Risk Insurance Act (TRIA), at least through a short-term extension. Earlier this year, the House Financial … Continue Reading
Legislative Branch Activity Terrorism Risk Insurance Act Reauthorization Last week, the Senate passed the Terrorism Risk Insurance Program Reauthorization Act of 2014 (S. 2244) by a 93-4 vote. The bill would extend the Terrorism Risk Insurance Act (TRIA), which expires at the end of this year, for an additional seven years. The Senate bill would … Continue Reading
Legistlative Activity Reid Files Motion to Proceed on Terrorism Risk Insurance Bill On July 9, Senate Majority Leader Harry Reid (D-NV) filed a motion to proceed to the Terrorism Risk Insurance Program Reauthorization Act (S. 2244). This bill, introduced by Sen. Chuck Schumer (D-NY), would extend the Terrorism Risk Insurance Act (TRIA) to December 31, … Continue Reading
Legislative Activity Senate Banking Committee to Markup TRIA Reauthorization Bill On Tuesday, June 3, the Senate Banking Committee will hold a markup of the Terrorism Risk Insurance Program Reauthorization Act of 2014 (S. 2244). The bill, which was introduced by Senator Charles Schumer (D-NY), has bipartisan support and would: (1) extend the current Terrorism Risk Insurance … Continue Reading
