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Political Conflicts Could Trip Up TRIA Extension

Letting terrorism program lapse not an option, but Feds split over how far to

By Matt Brady | Updated on March 11, 2007

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.

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