A Thursday vote has been scheduled on the House Financial Services Committee's version of legislation reauthorizing the Terrorism Risk Insurance Act (TRIA).
The current version sunsets Dec. 31, and industry officials lauded the decision of the House FSC leadership to move the bill through the committee and hopefully through the House floor before the August recess.
They are, however, hopeful that the Senate version of the legislation, approved June 3 unanimously by the Senate Banking Committee, will ultimately be the template for final legislation enacted by Congress.
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