Members of the House voted 312-110 today to pass H.R. 2761, the Terrorism Risk Insurance Revision and Extension Act of 2007.
The bill, introduced by Rep. Barney Frank, chairman of the House Financial Services Committee, would extend and expand the current federal terrorism insurance program.
One provision in the House bill would add protection for group life insurers.
Some senators have objected to provisions in the House bill that would expand the terrorism insurance program, and Bush administration officials have indicated that President Bush likely would veto H.R. 2761 if the current version of the bill came across his desk.
Although H.R. 2761 passed by a wide margin, earlier procedural votes were closer.
A motion to send the bill back to the House Financial Services Committee failed 196-228.
A vote on raising the deductible that insurers must pay 1% per year, instead of 0.5% per year, failed 196-228.