[Congressional Record Volume 160, Number 128 (Tuesday, September 9, 2014)]
[House]
[Page H7306]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TERRORISM RISK INSURANCE ACT
(Mr. STUTZMAN asked and was given permission to address the House for
1 minute and to revise and extend his remarks.)
Mr. STUTZMAN. Madam Speaker, with the anniversary of 9/11 just a few
days away, we are reminded not only of the enormous loss of innocent
life and physical destruction that terrorism can bring, but also the
long-term, economic harm that follows an attack.
As we have seen with the rise of ISIS, the American people and our
interests are always a target and remain under constant threat. With
our economy remaining stagnant over the past several years, Congress
must make sure we are doing everything we can to protect our citizens
and safeguard our fiscal health.
One of the steps we can and must take before the end of this year is
to reauthorize the Terrorism Risk Insurance Act. This will provide
much-needed certainty in the marketplace by making sure that terrorism
risk insurance coverage is readily available. This insurance is
absolutely key to maintaining our economic security.
Without this reauthorization, we will leave the American people
vulnerable to danger that could have been prevented. The Senate has
passed a TRIA reauthorization, and I applaud Chairman Hensarling for
passing a TRIA bill through the committee in June. While reasonable
people can disagree on how this gets done, we should all agree that it
must happen.
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