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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
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

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)

Bill Actions

Date Description
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.