WASHINGTON–An effort to clear the way for expedited action in the Senate on legislation extending federal support for terrorism insurance was stalled yesterday, cutting the time for action before current supports expire Dec. 31.

Leadership of the Senate Banking Committee had taken steps to resolve a critical budget issue in the bill but still failed to obtain unanimous support for rapid action on the bill.

An industry lobbyist who asked not to be named cautioned that despite the fact at least one senator signaled that he has concerns with the bill, there is always the possibility the Democratic Senate leadership could still decide to put the bill on the floor by Friday–when Congress leaves for a two-week Thanksgiving recess.

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