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Senate Banking Committee unanimously approves the Terrorism Risk Insurance Act reauthorization [blog] Senate Banking Committee unanimously approves the Terrorism Risk Insur...

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Senate Banking Committee unanimously approves the Terrorism Risk Insurance Act reauthorization [blog]

Issued By
June 6, 2014

Full Congress passage should come swiftly

Today the Senate Banking Committee unanimously passed the Terrorism Risk Insurance Act (TRIA) reauthorization legislation, of which I am the lead Republican sponsor. The broad bipartisan support for TRIA is indicative of how critical it is to be adequately prepared for a terrorism event, during our nation's most vulnerable moments.

To protect Illinois' nearly 6 million workers, high value commercial properties, and the U.S. economy from the fallout of a terrorist event, the reauthorization of TRIA by Congress should come swiftly. With no cost to the taxpayer, TRIA is a positive example of a successful public-private partnership between the private sector and the federal government. This legislation represents a solid bipartisan effort to enhance protections and further shield the taxpayer from incurring significant losses during a terrorism event.

I commend my colleagues from both sides of the aisle for their work on this legislation.

distributed by noodls logo

This document was issued by Mark Kirk and was initially posted at kirk.senate.gov. It was distributed, unedited and unaltered, by noodls on 2014-06-06 03:16:42. The original document issuer is solely responsible for the accuracy of the information contained therein.

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