S 2244 – TRIA Reauthorization – Reported in Senate

According to yesterday’s Daily Digest the Senate Banking, Housing and Urban Affairs Committee favorably reported S 2244, the Terrorism Risk Insurance Program Reauthorization Act of 2014, with an amendment. This is the first of the five current bills intending to reauthorize the TRIA to be reported by Committee.

Unfortunately, the bill was reported without a written report, so it is not clear exactly what the amendment does to the bill.

This now clears this bill to be taken up any time that Sen Reid (D,NV) decides that it is appropriate to do so.

I mentioned earlier that I thought that the bill recently introduced by Rep. Neugebauer (R,TX), HR 4871, would have the best chance to move forward in the House. It now seems that Sen. Schumer’s bill has a slight edge just because it may come to the floor for a vote first.