A key House Democrat today launched what is expected to be an arduous battle for extension of the Terrorism Risk Insurance Act by castigating the White House for lack of attention to the bill and the House Republican leadership for inaction.
The comments on TRIA by Rep. Paul Kanjorski, D-Pa.., second-ranking minority member of the House Financial Services Committee, were made against the background of imminent release of a critical Treasury report evaluating the market impact of TRIA, the federal backstop for catastrophic terrorism events.
Similar concerns were also voiced by the Coalition To Insure Against Terrorism in a letter dated June 8 sent to President Bush. That group primarily represents real estate interests.
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