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Senate Passes TRIA Extension

Senators argue time is of the essence, as 2015 policies are already being written.

By Cheyenne Hopkins and Kathleen Hunter, Bloomberg | Updated on July 17, 2014

The Senate voted to extend through 2021 the U.S. government’s financial backing for insurance to protect companies against losses from acts of terrorism.

The bill, passed 93-4 in Washington today, now goes to the House, where Republican leaders propose cutting reimbursement for attacks involving conventional weapons.

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