U.S. Rep Gregory W. Meeks Statement on the Senate Renewal of the Terrorism Risk Insurance Act

U.S. Rep Gregory W. Meeks Statement on the Senate Renewal of the Terrorism Risk Insurance Act

WASHINGTON, D.C. - Congressman Gregory Meeks released the following statement on the Senate renewal of the Terrorism Risk Insurance Act today:

“The recent events in France remind us that terrorism is a daily threat that we all face in the civilized world, with radical groups actively looking to exact destruction and hatred in our communities. Part of the war on terror and against these extremists is to demonstrate our resolve and ability to recover and rebuild in the aftermath of a major act of destruction, which they plot against our cities on a daily basis. 


“The impact of the 9/11 terrorist attacks produced insured losses of about $43 billion in 2014 dollars, the largest insurance loss in history which could not be sustained without government intervention to support major reconstruction efforts. The passage of TRIA is crucial to restoring stability in our economy, and enabling major development and construction projects to proceed as planned. I therefore thank the House and Senate leadership for heeding the calls of myself and others to make the program’s renewal the first order of business in the new Congress.”