The Senate overwhelmingly passed a seven-year TRIA reauthorization today by a 93-4 vote.
The bill is S. 2244, the Terrorism Risk Insurance Program Reauthorization Act of 2014. It would replace a terrorism risk insurance backstop that expires Dec. 31.
The bill will now go to the House, which is having difficulty crafting its own bill because of a divide between House conservatives who want to phase out the program except for nuclear, biological, chemical and radiation (risks), and an apparent majority of the House that has indicated it wants to pass something similar to the Senate bill.
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