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Following 9/11,
Congress enacted the
"Terrorism Risk
Protection Act" as a
means to
avoid economic
disruption that
could result from a
lack of affordable,
available
terrorism
insurance for
business and
commercial
properties.
The Act established
a three-year risk
spreading program as
back-up for the
private insurance
market in the event
of a terrorist
attack.
Due to the ongoing
risk of potential
terrorist activity
in the United
States, Main Street
supports the
continuation of a
federal role in the
terrorism insurance
program beyond 2005,
with an emphasis on
finding ways to
maintain the
availability of
insurance for
consumers.
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