Policy Issues

Pandemic Risk Insurance Program -- Testimony before Senate Banking Subcommittee

July 21, 2021

The urgent need for Congress to establish a public-private backstop program for pandemic risk insurance -- similar to the Terrorism Risk Insurance Act (TRIA) program enacted the year following the 9/11 attacks -- was the focus of congressional testimony offered by the Business Continuity Coalition (BCC).

The Real Estate Roundtable has been working with the BCC to advance the enactment of a federal pandemic risk insurance program similar to TRIA.

The testimony was offered  on July 22, 2021 during the Senate Banking Committee's Subcommittee on Securities, Insurance, and Investment hearing – “Examining Frameworks to Address Future Pandemic Risk." 

Testifying on behalf of the BCC was Charles Landgraf (Arnold & Porter).

Read the BCC's testimony here

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