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October 12, 2004

TRIA Extension Bill On Fast Track In House Passage likely this week, but prospects for quick Senate approval are less certain

Legislation extending the Terrorism Risk Insurance Act for two years-until Dec. 31, 2007-sailed through the House Financial Services Committee, and House floor action is expected this week.

The legislation was reported out on a voice vote after two Democrats withdrew an amendment that would have provided a "soft landing"-that is, extend the legislation into 2008 for all one-year contracts entered into in 2007.

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Posted by Tom Troceen