S 2877 Introduced – TRIA Reauthorization

Last month Sen Tillis (R,NC) introduced S 2877, the Terrorism Risk Insurance Program Reauthorization Act of 2019. This bill contains essentially the same language adopted by the House in HR 4634 four days after this bill was introduced. The bill does include the language calling for the GAO to conduct a study on cyber terrorism and its coverage under the TRIA program.

Yesterday the bill was reported favorably without amendment or written report by the Senate Banking, Housing, and Urban Affairs Committee. I suspect that the House version of the bill will be taken up in the Senate under the unanimous consent process; maybe before the end of the year. This process will not allow for debate or an actual vote.