Significant differences persist in the views of congressional leaders, some Republicans and the Bush administration over the long-term plan for federal involvement in terrorism risk, based on comments made by lawmakers and a White House official last week.
“We will, in April, pass a bill in the House extending the federal Terrorism Risk Insurance Act,” Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, declared at the Networks Financial Institute's Annual Insurance Reform Summit in Washington.
He added that the extended TRIA program, under the House bill, “will include group life” as well as chemical, nuclear, biological and radiological attacks.
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