Hoyer Statement on Senate Passage of a Reauthorization of the Terrorism Risk Insurance Program

For Immediate Release:

July 17, 2014

Contact:

Mariel Saez, 202-225-3130

WASHINGTON, DC – House Democratic Whip Steny H. Hoyer (MD) released the following statement today on the Senate passage of a bill to reauthorize the Terrorism Risk Insurance Program:

“Today, the Senate passed a reauthorization of the Terrorism Risk Insurance Program by an overwhelming bipartisan vote of 93-4, and it is now the House’s turn to act.  This program is critical to ensuring that, should a terrorist strike occur on our nation, private insurers will have the support of the federal government to ensure that victims can receive the compensation they are due.  Insurers, economists, and victim advocates all strongly support the bill that passed the Senate today, and with jobs at risk, it is imperative that the House act in a similar, bipartisan fashion without unnecessary delay. 

“It is unfortunate that House Republican leaders and the Chairman of the House Financial Services Committee appear unmoved by today’s Senate vote, instead indicating that months will have to go by before the Republican-led House can act and that they remain committed to their partisan version.  With the Senate coming together in such a strong, bipartisan way to move forward with a TRIA bill, there is no reason the House cannot do the same.  I hope that the Senate’s decisive action today will induce House Republicans to work with Democrats to bring bipartisan legislation like the Senate’s bill to the Floor for a vote quickly.”  

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