June 18th, 2014

Overview of TRIPRA and Extension Proposals

Posted at 8:00 AM ET

The Republican-led Financial Services Committee in the U.S. House of Representatives put forward a draft proposal outline to reauthorize TRIPRA on May 1, 2014. After further negotiations, the House Republican leadership presented the TRIA Reform Act of 2014 on June 11 that proposes a five-year reauthorization of the federal program (to the end of 2019) with a similar copay structure to that of the Senate bill. However, a number of changes have also been proposed that have the potential to impact the market if fully implemented, including higher program triggers for non-NBCR events, an increase to the recoupment rate and an enhancement to the program’s taxpayer repayment requirements. The table outlines the different terms and durations that have been put forward by the Senate and the House.

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