In a lightning-like move that startled some pessimisticobservers, the U.S. Senate Thursday voted to add to the lifespan ofthe Terrorism Risk Insurance Program Reauthorization Act of 2015.By doing so, Congress has now set the stage for President Obama toopen the way for the creation of the National Association of Registered Agents andBrokers.

|

NARAB was tagged on to the terrorism bill in 2014. Its supporters inCongress hoped that, by linking it to a bill very likely to beenacted, the association would finally see the light of day. Buttheir hopes were dashed throughout 2014 by a series of unfortunatepolitical events.

|

When the House adopted its version of the terrorism bill onWednesday, skeptics still worried that the Senate might find yetanother way to avoid the follow-through they waited for in vainlast year.

|

Instead, the Senate jumped on the bill Thursday. Now, the billheads to the White House where the president is expected to sign itinto law.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.