    [Public Papers of the Presidents of the United States: George W. Bush (2002, Book II)]
    [November 26, 2002]
    [Page 2134]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Memorandum on Implementation of the Terrorism Risk Insurance Act of 2002
    November 26, 2002

    Memorandum for the Secretary of the Treasury

        I hereby direct you to exercise your authority under the Terrorism
    Risk Insurance Act of 2002 to propose a rule that would require an
    insurer to obtain your advance approval of any proposed settlement of
    causes of action described in section 107 arising out of or resulting
    from an act of terrorism.

                                                              George W. Bush