Washington–A House panel said today it will consider a measure next week to extend the federal backstop for terrorism insurance with provisions that have drawn opposition from the Bush administration.
The controversial language in the legislation is contained in an outline of the bill that staff of the House Financial Services Committee shared with insurance groups prior to its posting on Wednesday.
In acting to extend the federal Terrorism Risk Insurance Act, the committee has drafted a measure that would implement a so-called "silo approach" that an administration official has said was unacceptable.
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