Congress’ new version of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which provides federal reinsurance for large-scale insurance claims stemming from terrorism, may contain scaled-back coverage, warned Standard & Poor’s in a report today.

A bipartisan group of senators announced a deal on April 11 to reauthorize and extend the country's terrorism risk insurance program, which is expected to be taken up by the Banking Committee in coming weeks.

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