Approved by the U.S. Senate on Tuesday evening after a week of approval of the House of Representatives
Legislation to ensure that government support for insurance companies in the event of an attack similar to the events of 11 September 2001. The ratification of the law by 86 votes to 11.
Under the legislation, the insurance companies to obtain federal aid, while increasing the total amount of money agreed upon, which is determined based on the percentage of the premiums received from the insured.
He welcomed U.S. President George W. Bush with the consent of Congress to the decision, announced in a statement that he signed into law. Bush said the law critical legislation to revive the American economy, noting that the construction projects and providing job opportunities declined due to the absence of insurance cover in case of attacks such as those in New York and Washington last year.
Bush said that the terrorism risk insurance "will help the construction workers and factories in America to return to work and provide new employment opportunities for American workers and pump billions of dollars of investment in construction projects in various parts of the country."
The insurance companies announced that they are able to assume the payment of compensation worth between 40 and 50 billion dollars of the attacks, but a similar incident Sedmrha. It also pressed the banks and real estate companies and some construction workers union legislation for the issuance of insurance against the risks of terrorism.
The Federation of insurance companies praised the decision to approve new legislation that will protect companies from bankruptcy in the event of any attack in the future. He also welcomed the General Federation of American companies contracting law, saying it would give impetus to the construction industry.
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