Senate Sends 6-Year TRIA Extension To Obama's Desk

By Jeff Sistrunk (January 8, 2015, 4:33 PM EST) -- The U.S. Senate on Thursday easily passed a measure that would extend a federal terrorism reinsurance program for six years, a little more than a week after the program expired due to the Senate's failure to pass identical legislation in the previous Congress.

With a 93-4 vote the Senate sent the bill reauthorizing the Terrorism Risk Insurance Act to President Barack Obama's desk. The House had overwhelmingly passed the measure, which also contains provisions that would create a national clearinghouse for insurance agents and brokers and modify a noninsurance provision of the Dodd-Frank Act, on Wednesday.

Sen. Elizabeth Warren, D-Mass., offered...

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