Obama signs terrorism risk insurance bill into law

By

President Barack Obama signed into law on Monday a bill that renews for six years a terrorism risk insurance program created in response to the Sept. 11, 2001, attacks, the White House said.

The program provides a federal insurance backstop for owners of skyscrapers, sports stadiums, shopping malls and large projects that could face terrorism threats.

The law also includes measures that exempt ranchers, energy businesses and other "end users" of derivatives from certain capital requirements that are part of the 2010 Dodd-Frank financial reform law.

White House spokesman Josh Earnest told reporters the administration was disappointed the bill included the unrelated measures, but he had acknowledged that Obama would sign the bill anyway.

Tags
Barack Obama, Terrorism, Josh Earnest
Join the Discussion
More News
ICE shooting

Renee Good Suffered 4 Gunshot Wounds At Hands of ICE Agent, Including One to Head, Officials Reveal

Prater

Texas' Oldest Missing Persons Case Finally Solved After One Detective's Major Breakthrough

Olmos

New Footage Reveals Missing Texas Teen Camila Mendoza Olmos' Last Known Movements As Desperate Search Continues

U.S. Attorney General Pam Bondi

Trump Chief Of Staff Susie Wiles Slams AG Pam Bondi Over Handling Of Epstein Files: 'Completely Whiffed'