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

Police Arrests 11-Year-Old Boy on Murder Charges Over Death of 5-Year-Old Brother

Synagogue

Man Dead After Shooting and Ramming Vehicle Into Michigan Synanogue, FBI Takes Over Investigation

Ranch

Investigators Now Searching Jeffrey Epstein's New Mexico Ranch Over Allegations of Buried Bodies

Classroom

Old Dominion University Shooter Previously Pled Guilty To Terrorism-Related Case Connected to ISIS