Members of the House Rules Committee voted 8-3 Tuesday to send H.R. 2761, the Terrorism Risk Insurance Revision and Extension Act of 2007, to the House floor.
House leaders expect to bring the TRIREA bill up on the floor today.
The current Terrorism Risk Insurance Act is set to expire Dec. 31.
H.R. 2761, introduced by Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, and Rep. Michael Capuano, D-Mass., would extend the federal terrorism insurance program for 15 years and add protection for group life insurers.
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The bill appears to have broad support in the House, but the group life provision and other provisions that would expand the scope of the terrorism insurance program appear to face some opposition in the Senate and strong opposition in the White House.