Firm Wire items are announcements made by the firms themselves. The desk confirms that the announcement was published and reproduces its factual content. It does not verify the claims in it, and publication is not an endorsement.
Troutman Pepper Locke says it compared House and Senate terrorism insurance bills
Troutman Pepper Locke said it published an analysis of congressional proposals to extend the federal terrorism insurance backstop. The firm’s article compared the Senate’s seven-year extension with the House version and discussed certification thresholds, notice requirements and the steps still needed before a final bill could become law.
Key points
- Troutman Pepper Locke said both versions would extend the program through 2034.Troutman Pepper Locke
- The firm said the House version would increase the certification threshold from $5 million to $10 million in 2029.Troutman Pepper Locke
- Troutman Pepper Locke discussed the House proposal’s certification deadlines and public notice requirements.Troutman Pepper Locke
- The firm said differences between the bills must be resolved before presidential consideration.Troutman Pepper Locke