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Industry waits anxiously for report on TRIA extension.(LEGISLATION)(Terrorism Risk Insurance Act)

AN EERIE SILENCE HAS DESCENDED over the White House and the Treasury Department as the administration prepares to release a report that will play a key role in the fate of the Terrorism Risk Insurance Act, which expires Dec. 31.

The report by law must be in the hands of Congress by June 30.

The White House and Treasury are giving no hint as to what the report will say and when it will be released, although there is strong speculation it will be presented to Congress very soon.

Rep. Paul Kanjorski, D-Pa., a ranking member of the House Financial Services Committee, last week castigated the White House for lack of attention to the bill and the House Republican ...

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