A bill (S. 467) extending the Terrorism Risk Insurance Act of 2002 (TRIA) for two more years has been signed into law by President Bush. The new law extends the TRIA, which otherwise would have expired at the end of 2005. The law also establishes a commission charged with developing a transitional system to take its place. Without the TRIA, a government program that keeps insurance for terrorist attacks affordable, proponents of the bill argued that terrorism insurance would become unaffordable for most businesses.
Australia has enacted a new amendment that will broaden the definition of personal information and require more transparency from organizations on how that personal information is stored. The new law, The Privacy Regulation 2013, is part of the broader Privacy Amendment Act of 2012 and applies to companies with revenues of more than AUD 3 million that collect information, such as names, contact details, payment information, or other details related to a specific person, for any purpose.