In a lightning-like move that startled some pessimistic observers, the U.S. Senate Thursday voted to add to the lifespan of the Terrorism Risk Insurance Program Reauthorization Act of 2015. By doing so, Congress has now set the stage for President Obama to open the way for the creation of the National Association of Registered Agents and Brokers.
NARAB was tagged on to the terrorism bill in 2014. Its supporters in Congress hoped that, by linking it to a bill very likely to be enacted, the association would finally see the light of day. But their hopes were dashed throughout 2014 by a series of unfortunate political events.
When the House adopted its version of the terrorism bill on Wednesday, skeptics still worried that the Senate might find yet another way to avoid the follow-through they waited for in vain last year.
Instead, the Senate jumped on the bill Thursday. Now, the bill heads to the White House where the president is expected to sign it into law.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
