House Democrats have scheduled a vote this week on legislation designed to signal the Senate that some of the provisions in its original version of the bill extending the federal backstop for terrorism risk insurance must be included in a final measure.
The House Rules Committee approved the bill for floor debate on Dec. 6 after comments by Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee. He said he was acting out of frustration with the Senate's lack of interest in a compromise.
He said the House bill contains provisions ignored by the Senate action, and that the revised bill took note of the Senate action. "We took some of their provisions, and we think some of the provisions in our bill also deserve consideration," Rep. Frank said.
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