Even the fact that some state officials are holding the issue over the heads of presidential candidates is unlikely to persuade the Senate to follow the House lead and act promptly on legislation aimed at helping coastal states manage their catastrophic risk, some industry observers say.
The legislation passed the House with bipartisan support on Nov. 9.
But the fact that it faces major hurdles in the more politically complex Senate was brought home through the announcement by Sen. Chris Dodd, D-Conn., that he was introducing his own legislation aimed at helping coastal states with high risk of catastrophes in more modest ways.
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