Two senior Republican House members are asking the Government Accountability Office to expeditiously prepare a report on the Terrorism Risk Insurance Act, and the potential impacts of reauthorization versus non-reauthorization.
Meanwhile, Standard & Poor's said yesterday it is “cautiously optimistic” that Congress will ultimately renew the Terrorism Risk Insurance Act, but the ratings agency acknowledged “there is the possibility” that reauthorization could be delayed until early 2015.
Reps. Ed Royce, R-Calif., and Randy Neugebauer, R-Texas, both ranking members of the House Financial Services Committee, requested the GAO complete a report on TRIA by May 15, and be prepared to provide an oral status report with initial findings by April 15.
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