Terrorism Risk Insurance Still Needed: NY Members of Congress Urge Financial Services Chair to Move on Legislation to Extend TRIA
WASHINGTON, DC - A day after Treasury Secretary John Snow notified Congress that the administration opposes the extension of the Terrorism Risk Insurance Act (TRIA), a group of New York Members of Congress took action to ensure TRIA’s survival. Today, twenty-one bipartisan New York Members - led by Representative Carolyn Maloney (NY-14) - sent a letter to Rep. Michael Oxley (R-OH), Chairman of the House Financial Services Committee, requesting that he move forward promptly on pending legislation to extend the Terrorism Risk Insurance Act (TRIA), which will expire at the end of this year (PDF of letter: http://maloney.house.gov/sites/maloney.house.gov/files/documents/olddocs/banking/063005ltrTRIA.pdf).
