Administration opposes extension in current form; calls forthreshold hike to $500M
The Treasury Department issued a report giving limited supportfor extension of a modified version of the Terrorism Risk InsuranceAct that provides a federal backstop for insurers.
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.
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