PAULA ZAHN, CNN ANCHOR: We are going to show you a live picture now of what it looks like where the president is about to sign the terror insurance bill today. He will be joined -- let's hear the announcement.</s>GEORGE W. BUSH, PRESIDENT OF THE UNITED STATES: Thank you. Thank you all. Please be seated. Thank you. Good morning. And welcome to the White House. Today we're taking action to strengthen America's economy, to build confidence with America's investors and to create jobs for America's workers. The Terrorism Risk Insurance Act will provide coverage for catastrophic losses from potential terrorist attacks. Should terrorists strike America again, we have a system in place to address financial losses and get our economy back on its feet as quickly as possible. With this new law, builders and investors can begin construction in real estate projects that have been stalled for too long, and get our hard-hats back to work.</s>ZAHN: As we stay with the picture, there you have it, the president signing legislation that is expected to shield the insurance industry from catastrophic cause of future terror attacks, which the president said is vital to the war on terror. This was not unexpected. The bill passed by a wide margin, and in fact, most of the main opposition came from Republicans. So let's see if -- it doesn't appear as though he's going back to the podium. We thought he might entertain a question or two from reporters, but the terror insurance bill signed into law as you just saw moments ago. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
President Bush Signs Terror Insurance Law