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LIMITING TRIA EXTENSION

June 24, 2007 Reprints

The Bush administration says three elements are needed to create an acceptable extension of the backstop created by the Terrorism Risk Insurance Act. The administration says the program:

Should remain temporary and short-term

Retentions by the private sector should be increased

The backstop should not be expanded

Source: Testimony of David G. Nason, Treasury Department assistant secretary for financial institutions

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LIMITING TRIA EXTENSION

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