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Washington–The leadership of the House Financial Services Committee is asking House Republicans to support its version of the legislation extending the Terrorism Risk Insurance Act because “it is the only TRIA alternative that fully protects taxpayers.”

The letter is being circulated to members of the House as it prepares to vote under expedited procedures Wednesday on an innovative version of legislation extending the federal terrorism insurance backstop provided by TRIA. The House TRIA extension measure covers more lines of business than a bare-bones Senate version.

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