WASHINGTON, DC—The House of Representatives passed legislationon Wednesday extending the Terrorism Risk InsuranceAct through 2020, after a nail-bitter of a last minutedetour. The measure also raised the trigger to $200 million.
The measure passed 417-7.
The bill also includes a provision that opponents say weaken the2010 Dodd-Frank Wall Street Act – namely that non-financialinstitutions would no longer have to follow the same regulations asbig banks.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
