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Rep. Barney Frank, D-Mass., was working last week on a way to clear budgetary speed bumps that caused the House leadership to delay floor action on legislation extending federal support for terrorism insurance.

Under consideration is a provision requiring a separate vote by Congress to authorize payment of claims. That is seen as a way to reconcile expense issues raised by a Sept. 6 Congressional Budget Office letter, warning that extension of the terrorism reinsurance program could cost the government $3.5 billion over five years and $8.4 billion over 10 years–even if there is no attack (or $8.4 billion when direct spending costs are offset by an estimated $2.0 billion rise in governmental revenues from 2008-2017.)

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