Washington–The House by a huge margin passed legislation today extending the Terrorism Risk Insurance Act providing a federal backstop for terrorism losses.

The 371-49 vote on S. 467 sets up a conference, probably next week, between the House and Senate to reconcile vastly different bills. Congress wants to adjourn for the year by Dec. 17

Insurance trade groups voiced immediate support for the House action and urged prompt reconciliation of the differing measures.

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