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 Email Share Share Other Open Social Related Coverage Cellphones Have Now Officially Replaced Landlines in the Office Are Cleaning Products Making Your Staff Sick? Top 5 Tips To Protect Facilities from Cyberattacks Related Articles Building Maintenance Looking Ahead to Winter Facility Management Building Maintenance Don’t Let Your Rails Fail Building Maintenance ‘Expert in a Suitcase’ Provides Energy-Saving Solution Building Maintenance 9 Geothermal Innovators Life/Fire Safety 7 Most Essential NFPA® Standards for Building Owners Sustainability / Resilience How to Future-Proof Your Building Building Controls The First Steps of Adding Intelligence to Your Facility Energy Management How to Increase Productivity and Engagement in Outdoor Spaces Building Controls Fine-Tuning HVAC Controls for Maximum Efficiency Related Articles How to Implement Building Technologies The Amenities Tenants Really Want Implementing Green Leases: An Exclusive Interview with Kathleen Hogan Podcast: Bike Parking at Commercial Buildings - An Increasing Trend Tips to Attract the Next Generation of Property Managers 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. Increase profitability by cleaning smarter and transforming your building into a high performing asset. Get tips from High Performance Building experts Whether it’s earning an IREM credential or increasing your job skills, any goal in property management can be accomplished with IREM education. Click here to visit our website!