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House Passes Bill to Reauthorize Terrorism Risk Insurance Act

Measure includes provision exempting end-users of commodity futures from margin requirements.

By Cheyenne Hopkins, Bloomberg | Updated on December 11, 2014

The U.S. House voted to extend by six years a federal backstop for insurers offering coverage against terrorism, advancing efforts to retain a program created in response to the attacks of Sept. 11, 2001.

House lawmakers passed the Terrorism Risk Insurance Act extension today in a 417-7 vote that sends the measure to the Senate. Approval there would move the measure to President Barack Obama for final approval.

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