The House Financial Services Committee voted to extend the federal Terrorism Risk Insurance Act last Wednesday, but not before adding another five years to legislation that originally proposed a 10-year extension.
The bill, HR 2761, known as the Terrorism Risk Insurance Revision and Extension Act, was approved by a vote of 49-20.
In late July, a House Financial Services Subcommittee had previously approved a version of the bill that would have extended the program until 2017.
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