Senate Banking Committee to Mark-Up Terrorism Risk Insurance

October 16, 2007

The Senate Banking Committee is scheduled to mark up legislation, which would reauthorize the Terrorism Risk Insurance Act (TRIA) on Wednesday. The House of Representatives has passed their own version which extends the program for fifteen years, but the Senate is expected to address a "pay-as-you-go" budget requirement that is in that version. Currently, TRIA is set to expire on December 31, 2007. ALTA supports the reauthorization of TRIA and has signed a letter asking Chairman Dodd (D-CT) and Ranking Member Shelby (R-AL) to continue their support and leadership on this issue and to consider bi-partisan legislation to extend TRIA.

Contact ALTA at 202-296-3671 or

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.