Sen. Tom Coburn, R-Okla., is blocking a Senate vote on reauthorizing the Terrorism Risk Insurance Act backstop, which is set to expire at year-end. Coburn disagreed with a provision attached to the bill that aimed to ease insurance agents’ licensing across state lines. “If we change the bill it’s gone,” said Senate Majority Leader Harry Reid, D-Nev. “Amending the TRIA bill would just be another way to kill the TRIA bill.” The Hill/Floor Action blog (12/16), Reuters (12/16)
Thank you to our many NAIFA – NYS members who communicated with your Senators in support of this important piece of legislation. Your efforts made a difference even though we did not prevail this session.