This bill would amend the Terrorism Risk Insurance Act of 2002 to clarify the timing of the assessment when determining whether an entity is an agency or instrumentality of a terrorist party. The sponsor is Representative Thomas Kean. The bill is referred to the House Committee on the Judiciary. No publicly available information on the bill text or detailed changes is provided.
The bill aims to make clear when an assessment is made about an entity’s status as an agency or instrumentality of a terrorist party under TRIA. No publicly available information explains how this would affect insurers, policyholders, or other parties.
No publicly available information on costs, budgetary effects, or required funding is available.
No publicly available information about supporters' stated reasons or arguments is available.
No publicly available information about opponents' stated concerns or arguments is available.