Policy Issues

Coalition to Insure Against Terrorism (“CIAT”) urges passage of substitute amendment to the Terrorism Risk Insurance Program Reauthorization Act of 2019 (H.R. 4634)

October 28, 2019

The Coalition to Insure Against Terrorism (“CIAT”) is proud to support the Committee substitute amendment to the Terrorism Risk Insurance Program Reauthorization Act of 2019 (H.R. 4634), and urges the Financial Services Committee to approve it expeditiously.

The Committee substitute provides a seven-year “clean” reauthorization of TRIA, and requires an examination of the evolving risk of cyber terrorism, as well as the impact of the program on places of worship. This legislation recognizes the critical importance of ensuring the TRIA backstop remains in place, while keeping an eye on evolving risks and potential market impacts.

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