TO THE MEMBERS OF THE U.S. HOUSE OF REPRESENTATIVES:
The U.S. Chamber of Commerce strongly supports H.R. 4634, the “Terrorism Risk Insurance Program Reauthorization Act of 2019,” which would provide for a long-term reauthorization of the Terrorism Risk Insurance Act (“TRIA”) program. The Chamber will consider including votes on this legislation in our annual How They Voted scorecard.u
Since its initial enactment in 2002, TRIA has served as a vital public-private risk sharing mechanism, ensuring that private terrorism risk insurance coverage remains commercially available and that the U.S. economy would more swiftly recover in the event of a terrorist attack.
H.R. 4634 represents a bipartisan agreement between Chairwoman Waters and Ranking Member McHenry that would provide a seven-year reauthorization of this important program while providing for a study on the evolving risks in cyber-terrorism and the affordability and availability of TRIA coverage for places of worship.
The Chamber strongly urges you to vote in support of H.R. 4634.
Sincerely,
Jack Howard
Senior Vice President
U.S. Chamber of Commerce
