The House of Representatives passed a six-year reauthorization of the Terrorism Risk Insurance Act on Wednesday in a 416-5 vote.
The bill would extend the termination date of the terrorism insurance program established under the original 2002 law.
The bill would also require the president to appoint at least one member of the Federal Reserve Board with "demonstrated primary experience working in or supervising community banks having less than $10 billion in total assets.''
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 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.
