[Congressional Record Volume 153, Number 195 (Wednesday, December 19, 2007)]
[Extensions of Remarks]
[Page E2655]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




      TERRORISM RISK INSURANCE PROGRAM REAUTHORIZATION ACT OF 2007

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                               speech of

                             HON. TOM UDALL

                             of new mexico

                    in the house of representatives

                       Tuesday, December 18, 2007

  Mr. UDALL of New Mexico. Madam Speaker, In 2002, we enacted the 
Terrorism Risk Insurance Act in an attempt to stabilize the economy 
following the tragic events of September 11, 2001 and to protect 
against economic catastrophe should another attack occur. This 
important program is set to expire at the end of the year, and it is 
essential that we reauthorize TRIA.
  The legislation before us is not the strong bill we passed in 
September or the compromise we passed last week, and it is not a 
perfect bill. It extends TRIA by only 7 years and does not include the 
strong new provisions that were included in the other bills we passed. 
However, this legislation does do one vital thing: it works to ensure 
the stability of our economy should another national crisis occur. For 
this very important reason, I support this legislation today but hope 
we can pass a stronger bill in the future.

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