CAPITOL RECAP
NANCY BURKE | V.P., GOVERNMENT AFFAIRS
Congress Goes Home without
Renewing Terrorism Insurance
O
n December 16, the
113th Congress
adjourned leaving
one critical piece of
business undone – the reauthorization of the Terrorism Risk
Insurance Act (TRIA). The
Senate was unable to overcome
the objections of Senator Coburn (R-OK) who placed a
“hold” on the bill because of a
non-TRIA provision and all
efforts to negotiate a deal were
rejected, leaving QI%