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H.R.4871: TRIA Reform Act of 2014
About this Bill
|This bill was introduced in the||113th Congress|
|This bill is primarily about||finance and financial sector|
|You can||read the bill|
|Sponsor||Randy Neugebauer, R-Texas|
|Total Cosponsors||28 (All Republicans)|
|Introduced||June 17, 2014|
|Latest Major Action||July 16, 2014|
|See it on||GovTrack|
|See it on||C-SPAN|
- Bill introduced in the House
- Bill passed in the House
- Bill passed in the Senate
- Bill signed into law
TRIA Reform Act of 2014 - Title I: TRIA Reform - (Sec. 102) Amends the Terrorism Risk Insurance Act of 2002 (TRIA) to extend the Terrorism Insurance Program through December 31, 2019, and to revise requirements for the Program.
(Sec. 103) Requires the Secretary of the Treasury (Secretary), before certifying an act of terrorism, to consult with the Secretary of Homeland Security (DHS) instead of obtaining concurrence with the Secretary of State (as under current law). Repeals the prohibition against certifying an act of terrorism if resulting property and casualty insurance losses do not exceed $5 million.
Requires a preliminary notice that an act is expected to be certified within 15 days after its occurrence or after receipt of an insurer's petition for a preliminary decision. Requires a final certification within 90 days after occurrence or receipt of such a petition.
Requires treatment of a particular act as not being an act of terrorism if the Se...
(Source: Congressional Research Service)
|July 16, 2014||Placed on the Union Calendar, Calendar No. 391.|
|July 16, 2014||Reported (Amended) by the Committee on Financial Services. H. Rept. 113-523.|
|June 20, 2014||Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 27.|
|June 20, 2014||Committee Consideration and Mark-up Session Held.|
|June 17, 2014||Referred to the House Committee on Financial Services.|