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.
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