Senate Whip: Terror Bill Is Dead

Wednesday, July 24th, 2002 Catastrophe Legislation & Regulation

Senate Majority Whip Harry Reid, D-Nev., said that as far as he is concerned, terrorism insurance legislation is dead, but the insurance industry has not given up hope. Sen. Reid spoke out on the floor of the Senate yesterday after efforts to move a unanimous consent request—which is needed to appoint the members of the House-Senate Conference Committee that will put together a consensus bill—failed. Sen. Reid blasted both the Republican Party and the insurance industry for the inability to reach an agreement on the conferees. He said that initially, Senate Majority Leader Tom Daschle decided that there would be three Democrats and two Republicans from the Senate on the Conference Committee.

---

http://www.nationalunderwriter.com/pandc/hotnews/viewPC.asp?article=7_24_02_16_5968.xml

---