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years. this is a shorter extension than the 15-year extension that the house originally passed, but still far longer than the two-year extension that was enacted in 2005. a seven-year extension

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would provide greater certainty and stability to the insurance and real estate markets than presently exists, and that is good for business. the legislation would also make several other

2:18:52 to 2:19:03( Edit History Discussion )

Barney Frank: critical changes to the terrorism risk insurance program. it would change the definition of terrorism under tria to include domestic terrorism and reset the program trigger level where

2:19:01 to 2:19:12( Edit History Discussion )

Barney Frank: critical changes to the terrorism risk insurance program. it would change the definition of terrorism under tria to include domestic terrorism and reset the program trigger level where

2:19:09 to 2:19:20( Edit History Discussion )

Barney Frank: the government backstop kicks in to $50 million where it was in 2006. it would expand the program to provide for group insurance coverage. it would decrease deductibles for terrorist attacks

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Barney Frank: costing over $1 billion, and reduce the trigger levels in the years following such an attack. the tria bill, which the house approved of in september, would have required insurers to include

2:19:23 to 2:19:34( Edit History Discussion )

Barney Frank: costing over $1 billion, and reduce the trigger levels in the years following such an attack. the tria bill, which the house approved of in september, would have required insurers to include

2:19:31 to 2:19:41( Edit History Discussion )

Barney Frank: coverage for nuclear, biological, chemical, and radiological attacks in policies they cover. however, this provision has been removed from the bill because some insurers, particularly the smaller

2:19:35 to 2:19:44( Edit History Discussion )

Barney Frank: ones, raise concerns regarding their ability to cover the additional risk when private insurance does not exist. to address these concerns, the legislation will mandate a study by the government accountability

2:19:44 to 2:19:53( Edit History Discussion )

Barney Frank: ones, raise concerns regarding their ability to cover the additional risk when private insurance does not exist. to address these concerns, the legislation will mandate a study by the government accountability

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Barney Frank: office on the availability and the affordability of private insurance coverage for nuclear, biological, chemical, and rouxlogical attacks. this provision represents a commonsense first step in

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Barney Frank: addressing the economic fallout of such an attack. mr. speaker, this legislation is critical in protecting our national and economic security in the fight against terrorism. it will also help many

2:20:04 to 2:20:16( Edit History Discussion )

Barney Frank: addressing the economic fallout of such an attack. mr. speaker, this legislation is critical in protecting our national and economic security in the fight against terrorism. it will also help many

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Barney Frank: of the small and medium-sized insurance companies located in my congressional district provide coverage in this ever-changes 21st century. i commend financial services committee chairman

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Barney Frank: frank and ranking member bachus for their bipartisan effort to bring this vital time sensitive piece of legislation to the floor. thank you, and i reserve the balance of my time. the speaker

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Barney Frank: frank and ranking member bachus for their bipartisan effort to bring this vital time sensitive piece of legislation to the floor. thank you, and i reserve the balance of my time. the speaker

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Barney Frank: pro tempore: the gentleman reserves the balance of his time. the gentleman from texas. mr. sessions: thank you, mr. speaker. mr. speaker, i rise in opposition to this rule despite my long-term

2:20:38 to 2:20:48( Edit History Discussion )

Barney Frank: support for tria, because passing a bill that's already been pronounced dead on arrival in the senate foolishly puts the re-authorization of this important program in jeopardy as its expiration date

2:20:47 to 2:20:57( Edit History Discussion )

Barney Frank: support for tria, because passing a bill that's already been pronounced dead on arrival in the senate foolishly puts the re-authorization of this important program in jeopardy as its expiration date

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Barney Frank: at the end of the year draws o ever closer. because the democrat house leadership has decided to continue to play political games on this issue. by engaging in this game of what i call legislative

2:20:59 to 2:21:10( Edit History Discussion )

Barney Frank: chicken with the senate, the house is setting itself up for potentially allowing this important program to expire. an outcome that i believe is bad for continued growth of the american economy and is an

2:21:08 to 2:21:19( Edit History Discussion )

Barney Frank: chicken with the senate, the house is setting itself up for potentially allowing this important program to expire. an outcome that i believe is bad for continued growth of the american economy and is an

2:21:16 to 2:21:27( Edit History Discussion )

Barney Frank: outcome that i strongly oppose. but even if the senate were somehow to miraculously pass this legislation, the statement of administrative policy regarding this legislation that was

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Barney Frank: released by the office of management and budget on tuesday makes it clear that president bush will veto this bill in its current form and that any extension of the tria program must be temporary

2:21:30 to 2:21:40( Edit History Discussion )

Barney Frank: released by the office of management and budget on tuesday makes it clear that president bush will veto this bill in its current form and that any extension of the tria program must be temporary

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Barney Frank: and short term and include no program expansion and must increase private sector retentions. i ask unanimous consent to include a copy of the statement of administrative policy for substantially

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Barney Frank: similar legislation explaining the futility of today's legislative exercise in the congressional record. the speaker pro tempore: without objection. mr. sessions: mr. speaker, the senate version

2:21:55 to 2:22:06( Edit History Discussion )

Barney Frank: similar legislation explaining the futility of today's legislative exercise in the congressional record. the speaker pro tempore: without objection. mr. sessions: mr. speaker, the senate version

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Barney Frank: of this legislation is not perfect. however, i do believe that on behalf of terrorism insurance policyholders, american workers and businesses, the health of our insurance marketplace and la

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Barney Frank: the continued growth of the american economy, it is important for the house to stop playing games with tria and to pass a bill that can advance through the senate and be signed into law by

2:22:22 to 2:23:02( Edit History Discussion )

Barney Frank: the continued growth of the american economy, it is important for the house to stop playing games with tria and to pass a bill that can advance through the senate and be signed into law by