Washington–House and Senate financial services committees willboth consider bills extending the federal backstop for terrorisminsurance tomorrow.
The action by both bodies for a continuation of the TerrorismRisk Insurance Act raised hopes among insurance industryrepresentatives that the two houses would each approve a TRIAextension measure this week. The differing bills will require aHouse Senate Conference meeting to work out a final version.
Insurance industry lobbyists viewed it as unlikely that theconference committee will hold its session before Congress'Thanksgiving recess. The lawmakers are not due to return from thatbreak until early December.
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