Bush's veto threat may complicate TRIA negotiations

12/12/2007 | Reuters

As the House of Representatives and the Senate are negotiating over the expansion and extension of the terrorism risk insurance program, President George W. Bush has threatened to veto the House's version of the bill. "With the current program set to expire at the end of this year, and millions of commercial insurance policies in the process of renewal beyond that date, it is critical that Congress act by the end of the year," said Dennis Kelly, American Insurance Association spokesman.

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