[Weekly Compilation of Presidential Documents Volume 38, Number 48 (Monday, December 2, 2002)]
[Page 2097]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
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