OMB Approves Treasury’s TRI NPRM

Yesterday the OMB’s Office of Information and Regulatory Affairs (OIRA) announced that it had approved the Treasury’s notice of proposed rulemaking (NPRM) for their Terrorism Risk Insurance program. This rulemaking was not included in the Fall 2015 Unified Agenda so it is difficult to tell exactly what is included in the bill, but it should be implementing the changes to that program required by last session’s Terrorism Risk Insurance Program Reauthorization Act of 2015 (PL 114-1) as I noted in an earlier blog post on this rulemaking.

Since OIRA apparently required changes to the draft rule, I expect that this will probably be printed in the Federal Register next week.