In addition to creating a federal backstop to participate in insured losses, TRIA intervenes into resolution of third-party liability actions by:

  • Creating an exclusive federal cause of action that displaces State tort law;
  • Directing litigation arising out of an act of terrorism into federal courts; and
  • Requiring Treasury’s approval of certain settlements.

11.1 – Exclusive Federal Cause of Action

11.2 – Forum for Litigation

11.3 – Application of the Exclusive Cause of Action and Jurisdiction

11.4 – Advance Approval of Certain Settlements

11.5 – Advance Payments

11.6 – Right of Subrogation

11.7 – Policies, Processes and Controls