This week AH&LA called on Congress to begin a conference committee to work towards passage of terrorism insurance legislation. AH&LA members continue to face difficulty in obtaining adequate and reasonably priced terrorism insurance coverage.
Yesterday, the Senate announced its conferees. Serving as Senate conferees will be Sens. Paul Sarbanes (D-Md.), Chris Dodd (D-Conn.), Jack Reed (D-R.I.), Charles Schumer (D-N.Y.), Phil Gramm (R-Tex.), Richard Shelby (R-Ala.), and Mike Enzi (R-Wyo.).
In a letter sent this week to House and Senate leaders, AH&LA reminded leaders that this issue continues to plague the business community and the overall economy.
The House and Senate have passed differing versions of legislation that would provide federal back-up support to insurance companies in the event of another major terrorist attack. The House bill, H.R. 3210, introduced by Rep. Mike Oxley (R-Ohio), was passed last November while the Senate bill, S. 2600, introduced by Sen. Chris Dodd (D-Conn.), was passed in June. A House-Senate conference committee will need to craft a final bill that must pass both chambers.
The President continues to keep this issue at the top of his legislative agenda. In his last weekly radio address, the President called on Congress to pass this legislation.
AH&LA urges its members to call or write their Senators and Representatives to urge final passage of this important legislation. Attached is a draft letter. Please personalize this letter and send a copy to AH&LA.
For more information, contact Kevin Maher, AH&LA vice president for governmental affairs, at (202) 289-3147 or [email protected]