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Although it is coming down to the wire, there seems to be little doubt that negotiators in the House and Senate will hammer out a compromise on the reauthorization bill for the Terrorism Risk Insurance Act (TRIA) in the next few days or weeks. Despite the fact that the House and Senate versions of the bill differ substantially and the White House has threatened to veto any bill that veers far from TRIA in its current form, industry and government insiders expect compromise legislation to emerge that extends TRIA for at least another seven years, similar to the Senate version, without some of the more expansive changes passed by the House in September–such as expanding TRIA coverage to nuclear, biological, chemical and radiological acts of terrorism–which currently are not part of the existing law.

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