Waters Applauds Senate Renewal of Terrorism Risk Insurance Act
Congresswoman Maxine Waters(D-CA), Ranking Member of the Committee on Financial Services, issued the following statement following Senate passage of legislation to renew the Terrorism Risk Insurance Act (TRIA), a critical insurance backstop that provides important protections for construction jobs, venues and regional economies across America:
“ I applaud the U.S. Senate for swiftly addressing renewal of the Terrorism Risk Insurance Act. Today’s vote will ensure TRIA returns to its established role as a critical support for high-value construction projects that create jobs, investments that fuel our economy and activity that stimulates economic growth. At a time of global uncertainty, we must have TRIA in place to ensure our nation, and its businesses, have every available protection at their disposal.