Terrorism Risk Insurance Act Extension Moves Forward in Congress

On November 21, 2005, I reported on the Senate's Passage of an extension to the Terrorism Risk Insurance Act ("TRIA"). On December 7, 2005, the House passed it's version of the extension bill. The House Financial Services Committee's website contains a summary of the bill. The House version is broader than the Senate version which is supported by the White House. Reuter's reports that Senate Majority Leader Bill Frisk predicts that a compromise bill will be approved before TRIA's expiration on December 31, 2005.