WASHINGTON–House Democrats are moving on legislative action today designed to signal the Senate that some House provisions must be included in a final bill extending the federal backstop for terrorism risk insurance.

According to insurance industry lobbyists and a spokesman for Rep. Gary Ackerman, D-N.Y., the revised bill will be taken up at noon today by the House Rules Committee, the gatekeeper for floor action, with floor action next Tuesday or Wednesday. A spokesman for Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, said the same thing.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.