The House Financial Services Committee should vote on TRIA-extension legislation in the third or fourth week of June, but the version that comes out of the committee will not likely be what ultimately passes Congress, Rep. Peter King, R-NY, says.
Speaking at Advisen's Property Insights Conference in New York, King says he believes a TRIA extension will ultimately be "at least five years" and "hopefully" as close to the program's current version as possible.
He notes that House FSC Chairman Jeb Hensarling, R-Texas, was initially opposed to any TRIA reauthorization, and later proposed a three-year reauthorization that would raise the trigger to $500 million from the current $100 million and make other changes that King felt made the bill "untenable."
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