Washington, D.C. — Nat Wienecke, senior vice president at the American Property Casualty Insurance Association (APCIA) issued the following statement applauding the House Financial Services Committee for passing H.R. 4634, the Terrorism Risk Insurance Program Reauthorization Act of 2019, as amended. The bipartisan bill will provide for a 7-year reauthorization of the program.
“We applaud Chairwoman Waters, Ranking Member McHenry, and the House Financial Services Committee for making TRIA reauthorization a top priority. Today’s bipartisan vote is a positive step forward to ensure TRIA is in place without disruption to the marketplace and consumers. TRIA provides the vital economic protections against acts of terrorism that businesses of all sizes rely upon. The risk of terrorism is still very real, and the TRIA program is still needed to promote economic stability both before and after an attack. We urge the full House to take up and pass this bill quickly.”