Washington–The Treasury Department issued a report today givinglimited support for extension of a modified version of theTerrorism Risk Insurance Act that provides a federal backstop forinsurers.
The current bill expires Dec. 31 unless extended, and Congress,which mandated the Treasury examination of TRIA effectiveness, hasbeen looking forward to the report for guidance on how it shouldproceed.
Treasury's less than enthusiastic evaluation of the programduring its 31-month life implied that it will support an extensionfor even a limited period only if there is less governmentinvolvement going forward.
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