Two United States Senators on Friday introduced legislation that would extend the Terrorism Risk Insurance Act (TRIA) two years beyond its scheduled Dec. 31 expiration. The bill filed by Sens. Robert Bennett, R-UT, and Christopher Dodd, D-CT would also establish a commission to explore how to create a transitional terrorism insurance backstop after TRIA expires.A proposal to extend TRIA last year died after Congressional Republicans were unable to muster sufficient votes to carry it to hearing.Since then, the Federal Congressional Budget Office issued a dire warning that the entire nation's wo...
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