WASHINGTON–The House passed legislation today to continue and expand government support for insurers in the event of a terrorism mega-catastrophe for 15 years, setting the stage for a possible confrontation with the Bush administration.
The White House has asked for a bill far narrower in scope and of much shorter duration.
The final vote on H.R. 2761, the “Terrorism Risk Insurance Revision and Extension Act of 2007,” was 312-110.
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