WASHINGTON–President George W. Bush today signed a seven-yearextension of the Terrorism Risk Insurance Act, adding domesticterrorist events to the program but leaving out coverage forattacks using weapons of mass destruction.

The bill (H.R. 2761–The Terrorism Risk Insurance ProgramReauthorization Act of 2007) extends the federal reinsurancebackstop until the end of 2014.

Approved by the Senate on Nov. 16, the bill was reluctantlypassed by the House on Dec. 18 after an acrimonious floor debateduring which the House Democratic leadership railed against thelack of communication with the Senate–and vowed to revisit theissue in 2008.

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