That’s why we must reauthorize and strengthen the Terrorism Risk Insurance Act to support businesses & workers reeling from tragedies.
Reauthorize and strengthen the Terrorism Risk Insurance Act to support businesses and workers after terrorist attacks.
Occurrences
Evidence
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Cities and states deserve swift, reliable relief following a terrorist attack. After the Boston marathon bombing, our community knows that all too well. That’s why we must reauthorize and strengthen the Terrorism Risk Insurance Act to support businesses & workers reeling from tragedies.
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Title V is the Terrorism Risk Insurance Program Reauthorization Act of 2019. It extended the Terrorism Risk Insurance Program by replacing 2020 with 2027 and added reporting on affordability and cyberterrorism.
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Congress.gov lists H.R.1865 as becoming Public Law 116-94 on December 20, 2019, and its summary says Title V reauthorized the Terrorism Risk Insurance Program through 2027 with new reporting requirements.
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Treasury states that TRIA provides shared public and private compensation for certain insured terrorism losses, and that the 2019 reauthorization extended TRIP through December 31, 2027.
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The House vote on the final H.R.1865 vehicle passed 297-120. Pressley is recorded as voting Nay.
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Congress.gov says H.R.4634 passed the House on November 18, 2019, and reauthorized the Terrorism Risk Insurance Program through 2027 with a GAO cyberterrorism report requirement.
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The House passed H.R.4634, the Terrorism Risk Insurance Program Reauthorization Act, 385-22. Pressley is recorded as Not Voting.
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The original TRIA law states the program’s purpose is shared compensation for insured terrorism losses and defines covered property and casualty insurance to include workers’ compensation insurance.
Assessments
The available evidence shows Pressley still describing TRIA reauthorization and strengthening as a need in 2026, which points to the goal not being completed. There is no provided evidence that she authored, sponsored, or successfully advanced an enacted TRIA reauthorization or strengthening measure, so this cannot be counted as delivered or even partial credit on the record given here.