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About: Terrorism Risk Insurance Act     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Legislation106535222, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:Abstraction100002137yago:CivilLaw108453464yago:Collection107951464yago:Group100031264yago:Law108441203yago:Legislation106535222 New Facet based on Instances of this Class

The Terrorism Risk Insurance Act (TRIA) (H.R. 3210, Pub.L. 107–297 (text) (PDF)) is a United States federal law signed into law by President George W. Bush on November 26, 2002. The Act created a federal "backstop" for insurance claims related to acts of terrorism. The Act "provides for a transparent system of shared public and private compensation for insured losses resulting from acts of terrorism." The Act was originally set to expire December 31, 2005, was extended for two years in December 2005, and was extended again on December 26, 2007. The Terrorism Risk Insurance Program Reauthorization Act expired on December 31, 2014.