Bush Pushes For Terrorism Re Backup
Tuesday, April 9th, 2002 CatastropheThe U.S. Senate needs to act—and act quickly—on legislation creating a federal backstop in the terrorism insurance market, President George W. Bush declared late yesterday afternoon. Putting the full weight of his presidency behind the issue, President Bush challenged the Senate to move legislation that he said is not political, but is necessary to shore up the nation's economy. "We better find terrorism insurance because without it, it would be a catastrophic problem if there is another attack," the President said during a meeting late yesterday with insurance, business, and labor union representatives. "It would make it really hard for our economy to recover a second time if there is an attack without adequate terrorism insurance," he added.
