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On Capitol Hill: TRIA Senate Markup in June

On Capitol Hill this week, Congress holds two hearings that involve issues PIA is following...
May 28, 2014

TRIA Renewal: The effort to extend the authorization of the Terrorism Risk Insurance Act (TRIA) is continuing. In the Senate, word is a markup of a draft bill will be held in June. We’re told that the bipartisan bill (S. 2244) introduced April 10 by Sens. Charles Schumer (D-N.Y.) and Christopher Murphy (D-Conn.) will be used as a starting point. A summary of the Senate TRIA proposal, S. 2244, can be found here. PIA lobbied for the creation of TRIA in 2002 and has since strongly supported each of its reauthorizations. The current reauthorization expires on December 31, 2014. “PIA strongly supports the reauthorization of TRIA, in a manner in which all companies, small and large, have an opportunity to participate,” said PIA National Director of Federal Affairs Jon Gentile.

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