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
ohio mother dish soap baby

Ohio Mother Who Enraged Internet In Viral Video Where She Appeared To Squirt Dish Soap In Baby's Mouth Arrested

nypd chief jeffrey maddrey

NYPD Chief Accused of Demanding Sex From Subordinate In Exchange for Extra Pay Opportunities Resigns

dog murder victim bones

A Dog That Discovered the Skull of a Murder Victim Months Ago Just Came Home With Another Human Bone

De'Anthony Trice

Kentucky Dad Punched His Newborn in the Head Because He Was Losing a Video Game

Real Time Analytics