National Jul 21, 2014
PIA praises Senate passage of bill to reauthorize TRIA
PIA is praising the U.S. Senate for passing the Terrorism Risk Insurance Program Reauthorization Act (S.2244). The bill passed overwhelmingly on July 17 by a vote of 93-4. It extends the Terrorism Risk Insurance Act program in its current form for seven years, but increases industry co-shares by one-third under a five-year phase-in period.
"PIA applauds the Senate for passing legislation that reauthorizes this vital program that provides for a financial backstop in the event of a terrorist attack," said PIA National Director of Federal Affairs Jon Gentile. "We are pleased that the Senate bill extends TRIA for a full seven years and that it seeks to ensure the widest possible availability and affordability of terrorism insurance for consumers. We urge the House to quickly follow suit so that Congress can get to work resolving differences between the Senate and House versions of the legislation."
To read PIA Nationals full statement, click here.
Latest news on TRIA
Aug. 31, 2014:
Congress could delay passage of TRIA renewal bill past November elections
July 17, 2014:
Senate passes TRIA bill
July 17, 2014:
Hensarling rejects Senate-passed TRIA measure
July 10, 2014:
TRIA bill headed to Senate floor
June 20, 2014:
U.S. House committee passes bill to reauthorize TRIA
June 3, 2014:
PIA praises passage of TRIA renewal bill by Senate Banking Committee
June 2, 2014:
TRIA renewal continues to get support
May 20, 2014:
House expected to release TRIA bill in June
May 6, 2014:
House TRIA extension bill would do more harm than good
April 23, 2014:
New Marsh survey report confirms need for TRIPRA reauthorization
April 18, 2014:
Insurance market appears to be tightening on TRIA backstop fears: Report
April 15, 2014:
Extending terrorism insurance program could save federal government money after future attacks
April 11, 2014:
Senators reach deal to extend U.S. terrorism insurance
March 3, 2014:
Expiration of TRIA could hurt national security