Another pointless, nail-biting drama in Washington: after almost a year of wasting time, Congress finally took some action this month to renew the Terrorism Risk Insurance Act (TRIA) of 2002. Different bills to renew the program passed the U.S. Senate and passed out of committee in the House of Representatives. But assuming the House bill can pass a full House vote, the differences between the two bills still need to be ironed out. “Without Congressional action, TRIA will expire ...

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