An eerie silence has descended over the White House and the Treasury Department as the administration prepares to release a key report on the Terrorism Risk Insurance Act, which expires Dec. 31.[@@]
The report by law must be in the hands of Congress by June 30.
The White House and the Treasury Department will give no hint as to what the report will say and when it will be released, although there is strong speculation it will be presented to Congress late this week.
Sensing a political advantage, Rep. Paul Kanjorski, D-Pa., a ranking member of the House Financial Services Committee, last week castigated the White House for lack of attention to the bill and the House Republican leadership for inaction.
Kanjorski said there is nobody at the appointed level at Treasury to take the bill and marshal it through Congress.