TRIA Extension Legislation Introduced 07/13/2007 | On June 18, Rep. Barney Frank (D-MA), Chairman of the House Financial Services Committee, joined a bipartisan group of 23 members of Congress to introduce H.R. 2761, the Terrorism Risk Insurance Revision and Extension Act of 2007 (TRIREA). The legislation would extend the Terrorism Risk Insurance Act, set to expire at the end of the year, for an additional 10 years and make several improvements to the existing program.Some of the notable changes to the bill are the elimination of the distinction between "foreign" and "domestic" acts of terrorism; encouragement of greater availability of insurance against nuclear, biological, chemical, and radiological (NBCR) attacks; and the addition of group life insurance to the covered lines.On June 21, the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises of the House Committee on Financial Services held a hearing on TRIREA. Christopher Nessetta, President and CEO of Host Hotels & Resorts Inc. and Chairman of The Real Estate Roundtable, testified in support of the legislation on behalf of the Coalition to Insure Against Terrorism (CIAT), of which BOMA Intl. is a member.This information was extracted from the July 5, 2007, Currents e-newsletter, published by the Building Owners and Managers Association (BOMA) Intl. To read the complete newsletter, click here. Previous ArticleNext ArticleENERGY STAR Announces 2013 Upgrade of Portfolio Manager Read more on Building Maintenance » Twitter Facebook LinkedIn RSS Email to a Friend * required fields From* To * Message cancel Email Print Print Related Coverage Top 10 Workplace Trends for 2017 How Net Zero Buildings Help Modernize the Grid ADDITIONAL FM TOPICS Building Maintenance 9 Geothermal Innovators Building Maintenance ‘Expert in a Suitcase’ Provides Energy-Saving Solution Building Maintenance Reduce Maintenance and Injury with Entryway Flooring Building Maintenance How Population Health Principles are Changing Hospital FM Strategies Project Management The Key to Project Success: Collaboration Roofing The Vital Role of Insulation in Roofing Systems HVAC Portable Air Conditioners Taming Hot Summer Temperatures: Keeping People & Networks Safe Security A New Approach to Vendor Risk Management HVAC Maximize Your Return from HVAC Maintenance Plans Related Articles How to Climb the FM Career Ladder ENERGY STAR Lives, For Now The Economic Impact of Energy Efficiency Tax Incentives How Will Current Politics Affect Facility Management? 5 Tips to Promote Sustainable Practices Sponsored Links Smart roof systems improve building energy efficiency! Polyglass’ Polyfresko cap sheets with CURE Technology saves on energy. Engineered to perform, Polyfresko has superior granule adhesion and excellent puncture, stain and UV resistance.