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Despite strong encouragement from the insurance industry and business groups around the country, the U.S. Senate has adjourned for the year without passing the Terrorism Risk Insurance Program Reauthorization Act of 2014 (TRIPRA).

The Senate’s action came despite strong bipartisan support, and after the U.S. House of Representatives had passed the legislation by a vote of 417–7. The bill will now have to be reintroduced into both houses of Congress in January as entirely new legislation.

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