With a landslide vote, the Senate Banking Committee approved legislation extending the Terrorism Risk Insurance Act for seven years, drawing a positive message from the Bush administration before the committee votes were even counted.

The staffs of Sen. Chris Dodd, D-Conn., chair of the Senate Banking Committee, and Sen. Richard Shelby, R-Ala., ranking minority member, hammered out the new version last week, and on Wednesday, the committee voted 20-1 to send it to the Senate floor. The only dissenter was Sen. Wayne Allard, R-Colo.

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