White House Opposes Terrorism Coverage Law

Friday July 1, 2005 1:46 AM

By MARTIN CRUTSINGER

AP Economics Writer

WASHINGTON (AP) -The Bush administration told Congress on Thursday that it opposes extending a law that provides government support in insuring against losses from terrorist attacks.

The Terrorism Risk Insurance Act was passed following the Sept. 11, 2001, attacks as a way to make sure that large construction projects could get the insurance they needed to proceed. The law is due to expire at year's end.