APCIA Applauds House Consideration of TRIA

WASHINGTON - The American Property Casualty Insurance Association (APCIA) issued the following statement applauding the House consideration of H.R. 7128, the TRIA Program Reauthorization Act. The following statement may be attributed to Sam Whitfield, APCIA's senior vice president of federal government relations and political engagement:

"APCIA applauds House consideration of H.R. 7128, the TRIA Program Reauthorization Act, which would extend the Terrorism Risk Insurance Program for seven years and preserve the program's vital economic protection against acts of terrorism that so many companies rely on. We appreciate that the House is acting early in the process. By moving now, it helps prevent the uncertainty and confusion that would occur if Congress waited until 2027. We thank Chairman Hill, Ranking Member Waters, Subcommittee Chair Flood, Subcommittee Ranking Member Cleaver, and Congressman Garbarino for their leadership on this critical legislation. APCIA urges the House to pass H.R. 7128, and to work with the Senate so that TRIA reauthorization can reach the president's desk for signature before the end of the year."