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Terrorism Risk Insurance Program
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- 1Senate unanimously passes Tina Smith's terrorism insurance and housing bill●U.S. Senator Tina Smith’s Bipartisan Bill to Extend Terrorism Risk Insurance, Support Housing Construction Passes the Senate Unanimously
A bipartisan bill led by U.S. Senator Tina Smith of Minnesota has passed the Senate unanimously. The legislation extends the federal Terrorism Risk Insurance Program, which provides a backstop for losses from terrorist attacks, and includes measures to support housing construction. Its unanimous passage signals broad bipartisan agreement on maintaining the terrorism insurance backstop while tying it to efforts to expand housing supply.