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“We would like to see the market work on its own — see how it stands on its own two feet here,” he said.

A new report from the Congressional Research Service says the law has helped push prices for terrorism insurance downward and that 60 percent of commercial policyholders have purchased coverage over the last several years.

But the report also says there has been little progress in trying to find a private sector solution that wouldn’t involve putting federal taxpayers on the hook.