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Lawmakers press Treasury timing on terrorism certification after Boston Marathon example; proposal floated for six‑month response window
Summary
Members cited the Boston Marathon experience and other delays to press witnesses on Treasury's certification timeline and discussed a potential requirement that Treasury respond to governors within six months to give policyholders certainty.
During the House subcommittee hearing on TRIA reauthorization, members raised concerns about the time Treasury can take to certify an event as an act of terrorism — a prerequisite for triggering TRIA assistance — and discussed proposals to require a timely response when governors request certification.
Representative Ayanna Pressley cited the 2013 Boston Marathon bombing and recounted that businesses waited weeks and months to learn whether Treasury would classify the event as terrorism, a decision that affects whether…
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