WASHINGTON--House Democrats, in a move characterized by a Republican member as "futile," passed and sent to the Senate a new bill to extend the federal terrorism risk insurance backstop for seven years, restoring provisions not included in the Senate's more modest version.
The vote on the House bill was 303-116.
Rep. Pete Sessions, R-Texas, who characterized the House action as "legislative futility" in the face of Senate opposition and a promised White House veto, said the latest House bill will be "dead on arrival" in the Senate.
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