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House Democrats last week passed legislation expanding the Senate version of a bill extending the federal terrorism reinsurance backstop for seven years, while at the same time acknowledging that the ultimate bill is virtually certain not to contain the added provisions.

At the same time, Rep. Barney Frank, D-Mass.–chair of the House Financial Services Committee and chief sponsor of the more expansive House bill–said during a floor debate he is reserving the right to demand changes next year that would add two key provisions to the Terrorism Risk Insurance Act program.

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