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For Immediate Release
Office of the Press Secretary
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

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