WASHINGTON–Renewal of the federal Terrorism Risk Insurance Act drew expressions of support at a House Financial Services Subcommittee hearing yesterday, but how long that extension should last was debated.

Rep. Paul Kanjorski, D-Penn., the chairman of the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprise, acknowledged a strong need to extend the TRIA program beyond its current deadline of the end of the year. However, he proposed extending the program for six-to-eight years–a far shorter period than that recommended by other lawmakers.

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