Washington– The House Republican leadership has arranged for a Wednesday vote on a bipartisan House version of legislation extending the federal backstop for terrorism insurance, industry lobbyists and congressional staff said.
The way was cleared for an extension of the Terrorism Risk Insurance Act under expedited procedures after the leadership reached an agreement under which Judiciary Committee Chairman James Sensenbrenner waived jurisdiction on the bill.
Late last week, Judiciary Committee officials said that the committee had been granted a sequential referral on the innovative legislation extending the TRIA program passed by the House Financial Services Committee Nov. 17 by a 64-3 vote.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.