WASHINGTON–What should be included in an extension of the Terrorism Risk Insurance Act will be the subject of a hearing Tuesday by a House panel.
Rep. Paul Kanjorski, D-Pa., chairman of the Capital Markets, Insurance, and Government Sponsored Enterprises Subcommittee of the House Financial Services Committee, said the hearing is being held so committee members can examine policy choices Congress will need to take into account as it considers renewing the law, which expires Dec. 31.
“During the hearing, we will hear the opinions and ideas of experts on the ways that we can ensure the continued availability of insurance to protect against terrorism risk and options for better safeguarding our nation's economic security,” Rep. Kanjorski said.
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