WASHINGTON--House Democrats set plans yesterday to vote next week on legislation to extend the federal backstop for terrorism insurance in a move said to be a bid to force the Senate to adopt provisions representatives want.
The clash between chambers comes as the clock tick towards the Dec. 31 expiration of the existing Terrorism Risk Insurance Extension Act.
But the Senate so far has failed to react. Sen. Chris Dodd, D-Conn., chairman of the Senate Banking Committee--the traffic cop on any legislation extending the Terrorism Risk Insurance Extension Act--declined to respond to the House action.
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