EXECUTIVE SUMMARY
The US House passed a bill to extend the critical terrorism risk insurance program until 2034, raising loss thresholds and heading to the Senate.
The US House overwhelmingly passed a bill to reauthorize the vital terrorism risk insurance program through 2034, sending the measure to the Senate.
The measure, sponsored by Rep. Mike Flood, R-Neb., chairman of the House Financial Services Subcommittee on Housing and Insurance, now heads to the Senate.