On the recordNovember 14, 2002
what we are doing today is simply a part of both responding to the terrorist attacks of September 11 and defending our country from continuing damage from those terrorist attacks. It is a very prudent thing that we do today. It is a part of the defense of our homeland and of our economy, for if our economy continues to be weakened by the terrorist attack, then the terrorists win. The President has called on us repeatedly to respond with legislation. I commend this House. This House has passed, and passed last November, good legislation to address the problem. And what is the problem? Mr. Speaker, before the terrorist attack, normally, as a matter of course, protection against terrorist attacks was included in commercial property and casualty insurance policies. After the losses on September 11, which amounted to 40- or $50 billion, it was impossible for insurance companies to predict when and if and the extent of these terrorist attacks in the future.
Source
govinfo.gov




