President Bush is willing to sign a stripped down version of a bill that would extend the Terrorism Risk Insurance Act for 7 more years.
The current TRIA bill is set to expire Dec. 31.
Treasury Secretary Henry Paulson explained the Bush administration’s new position on TRIA extension Tuesday in a letter to the leaders of the Senate Banking Committee.
Bush would support a 7-year extension if Congress approves a 3-page TRIA extension bill intact, Paulson wrote.