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
Police Tape

Arkansas Teacher Denies Killing Couple on 'Devil's Den' Hiking Trial As Mystery Still Surrounds Motive

rescue

Man Rescued Near 'Dead Body Soup' Lake After Days in Wilderness Was Left Behind By Family

'Barbecue', one of the most prominent faces of the violence

North Carolina Trucker Charged With Financing Haitian Gang Leader Threatening To Overthrow The Government

AI relationships

'I'm Fully Aware of What I'm Doing': Woman Engaged to AI Boyfriend After Five Months of Dating