Business groups back pandemic insurance bill modeled on post-9/11 law

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Business groups are throwing their support behind a pandemic insurance bill modeled after a post-9/11 law that created a federal backstop for claims related to acts of terrorism.The Pandemic Risk Insurance Act, much like the 2002 Terrorism Risk Insurance Act (TRIA), would provide compensation for losses resulting from pandemics or public health emergencies.But unlike TRIA, which had broad bipartisan support and was reauthorized as recently as 2019, the pandemic measure introduced by Rep. Carolyn Maloney Carolyn Bosher MaloneyDemocrats reveal Medicaid chief’s spending on high-paid consultants The Hill’s Morning Report – Sponsored by National Industries for the Blind – Prudent or ‘pathetic’? GOP senators plan to vote on coronavirus relief Thursday North Carolina attorney general says DeJoy allegations merit investigation MORE (D-N.Y.) has garnered little to no support from Republicans, despite widespread backing from the business community.ADVERTISEMENT“Congress needs to be proactive in helping businesses protect themselves from pandemic risk, which as we’ve seen can be devastating to businesses of all sizes,” Maloney, who is head of the House Oversight and Reform Committee, said Thursday at a briefing on the bill.She said the goal of the legislation is “to better protect businesses across our country in the …

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