TRIA

Browse Documents
by Date or Issue:
  • Waters Applauds Senate Renewal of Terrorism Risk Insurance Act
    Posted in Press Releases on January 8, 2015 | Preview rr
    Tags: TRIA

    Congresswoman Maxine Waters(D-CA), Ranking Member of the Committee on Financial Services, issued the following statement following Senate passage of legislation to renew the Terrorism Risk Insurance Act (TRIA), a critical insurance backstop that provides important protections for construction jobs, venues and regional economies across America: “ I applaud the U.S. Senate for swiftly addressing renewal of the Terrorism Risk Insurance Act. Today’s vote will ensure TRIA returns to its established r... Read more

  • Waters Statement on Passage of Terrorism Risk Insurance Act
    Posted in Press Releases on January 7, 2015 | Preview rr
    Tags: TRIA

    Upon passage of legislation to renew the expired Terrorism Risk Insurance Act (TRIA), Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Committee and a strong advocate for the program’s renewal, released the following statement: “I’m pleased that House Republicans have recognized the damage caused by the 11th hour brinksmanship that led to TRIA’s expiration. I thank House leadership for heeding the calls of myself and others to make the program’s renewal the first order o... Read more

  • Waters Statement on Senate Failure to Renew Terrorism Insurance
    Posted in Press Releases on December 16, 2014 | Preview rr
    Tags: TRIA

    Upon the news of the U.S. Senate’s failure to reauthorize the critical Terrorism Risk Insurance Act, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, released the following statement: "I'm saddened and disappointed that the U.S. Senate was unable to renew the critical Terrorism Risk Insurance Act. The death of TRIA is the direct result of Chairman Hensarling's 11th hour brinksmanship in the House of Representatives. Democrats repeatedly pointed out the diff... Read more

  • Waters Statement on Terrorism Risk Insurance Act
    Posted in Press Releases on December 10, 2014 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, TRIA, Speeches and Committee Statements

    Today on the House Floor, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, criticized House Republican leadership and committee Chairman Jeb Hensarling (R-TX) for a bad faith negotiation on the renewal of the Terrorism Risk Insurance Act (TRIA). Waters, a strong supporter of TRIA, objected to the troubling process by which unrelated legislation making changes to the Dodd Frank Wall Street Reform Act was inserted into the TRIA renewal at the eleventh h... Read more

  • Waters Leads Democratic Caucus in Calling Long-Term Renewal of Terrorism Risk Insurance Program
    Posted in Press Releases on December 4, 2014 | Preview rr
    Tags: TRIA

    Today, in a press conference at the U.S. Capitol, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, led members of the Democratic caucus in calling for a long-term renewal of the Terrorism Risk Insurance Act, which is set to expire at the end of 2014. The Ranking Member was joined by key members of Democratic House leadership, Leader Nancy Pelosi (D-CA), Whip Steny Hoyer (D-MD), and Democratic Caucus Vice Chair Joe Crowley (D-NY). Also in attendance were pro... Read more

  • House TRIA Bill Gets No Support From Business Groups
    Posted in In Case You Missed It on October 5, 2014 | Preview rr
    Tags: TRIA

    A House Republican's effort to rally support for overhauling the Terrorism Risk Insurance Program fell flat, sources familiar with the matter told SNL on Nov. 5. Trade groups and business organizations spanning the insurance, real estate and banking industries refused to formally back Rep. Randy Neugebauer's bill to reauthorize the program for five years and make significant changes to its structure, despite assurances from Neugebauer's office that he was open to softening some of those changes.... Read more

  • Rising (Maxine) Waters
    Posted in In Case You Missed It on August 29, 2014 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, Export-Import Bank, TRIA

    Maxine Waters — the fiery liberal from Los Angeles known for calling House Republican leadership “demons” and threatening to nationalize oil companies — has gone from the scourge of Big Business to a sympathetic ally for corporate America. It’s no accident. Waters is executing this transformation by seizing on the growing divide between conservative Republicans and Big Business and leveraging her position as the top Democrat on the House Financial Services Committee, where in the coming weeks sh... Read more

  • Waters Lauds Senate Passage of TRIA Renewal
    Posted in Press Releases on July 17, 2014 | Preview rr
    Tags: TRIA

    Following the United States Senate’s passage of legislation to extend the Terrorism Risk Insurance Act for seven years, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, praised the chamber’s action, and its strong bipartisan vote of 93-4. Over the past several weeks, Waters has been engaged in productive discussions with Democrats, Republicans and President Obama on the importance of renewing the program. She released the following statement: “Once again, t... Read more

  • Republicans Fall Short on TRIA Votes
    Posted in Press Releases on July 16, 2014 | Preview rr
    Tags: TRIA

    Following reports that House Republicans lack the votes to pass the harmful TRIA Reform Act, Congresswoman Maxine Waters (D-CA), Ranking Democrat on the Financial Services Committee, called on members of both parties to work together to achieve consensus on the renewal of the Terrorism Risk Insurance Act. She released the following statement: “The TRIA Reform Act does not ensure our largest venues, businesses and employers have affordable access to terrorism insurance coverage. The lack of suppo... Read more

  • Waters Discusses Economic Challenges and Legislative Threats with Chair Yellen
    Posted in Press Releases on July 16, 2014 | Preview rr
    Tags: Full Committee, Dodd–Frank Wall Street Reform and Consumer Protection Act, Export-Import Bank, TRIA, Federal Reserve, Speeches and Committee Statements

    As Federal Reserve Chair Janet Yellen returned to testify before the House Financial Services Committee today, Congresswoman Maxine Waters (D-CA), the Ranking Democrat, laid out the significant challenges that lie ahead for the Fed, underscored the need to continue the unfinished business of Wall Street Reform and criticized Republican efforts to undermine the independence of the central bank. Waters noted that as the Fed winds down its large-scale asset purchasing program, significant economic ... Read more

  • Financial Services Committee Democrats Call for Transparency in TRIA Debate
    Posted in Press Releases on July 15, 2014 | Preview rr
    Tags: TRIA

    As House Republicans prepare to set parameters for the upcoming debate over legislation to fundamentally change the Terrorism Risk Insurance Act (TRIA), 27 Democrats on the Financial Services Committee have called for a full, open debate on the legislation. In a letter to Speaker John Boehner (R-OH) and Rules committee Chairman Pete Sessions (R-TX), the lawmakers renewed their concerns with the Republican TRIA proposal, known as the TRIA Reform Act, and asked for the opportunity to address those... Read more

  • Waters Touts Importance of Wall Street Watchdog
    Posted in Press Releases on June 24, 2014 | Preview rr
    Tags: Full Committee, Dodd–Frank Wall Street Reform and Consumer Protection Act, Export-Import Bank, TRIA, CFPB, FSOC, Department of the Treasury, Speeches and Committee Statements

    At today’s full committee hearing to discuss the Financial Stability Oversight Council (FSOC) with Treasury Secretary Jack Lew, Congresswoman Maxine Waters (D-CA) highlighted the important work of the Council in identifying systemic risk and protecting American homeowners, consumers, and the economy. Specifically, the Ranking Member of the Committee on Financial Services reminded FSOC’s critics that a contributing factor to the severity of the crisis was a lack of oversight throughout the entire... Read more

  • Waters Strongly Opposes Radical Changes to TRIA, FSOC
    Posted in Press Releases on June 19, 2014 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, TRIA, FSOC, Markup, Speeches and Committee Statements

    In today’s full committee markup, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, voiced her strong opposition to Republican measures to radically change the Terrorism Risk Insurance Act (TRIA) and undercut the Financial Stability Oversight Council (FSOC). On TRIA, Waters blasted Republicans for drafting legislation that jeopardizes a program that has created jobs, spurred economic growth, and protected our nation’s economy from the costs of a terror... Read more

  • Waters Blasts Republicans for Time Wasted, Issues Ignored
    Posted in Press Releases on June 10, 2014 | Preview rr
    Tags: Export-Import Bank, TRIA, CFPB, SEC, FSOC, Markup, Speeches and Committee Statements

    In today’s full Committee markup, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, blasted Republicans for continuing to waste the Committee’s time and resources on measures that weaken important consumer protections, undo transparency and accountability measures for Wall Street’s biggest actors and carve out major exceptions for large public companies. Waters criticized Republicans for continuing to delay consideration of reauthorization of the Terrorism Risk Ins... Read more

  • Waters Statement on Banking Committee’s Passage of Terrorism Insurance Legislation
    Posted in Press Releases on June 3, 2014 | Preview rr
    Tags: TRIA

    Following the Senate Banking Committee’s markup of legislation to reauthorize the Terrorism Risk Insurance Act (TRIA), Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, applauded the committee’s progress and called on House Republicans to swiftly act to renew the program. Waters released the following statement. “The Senate Banking Committee’s unanimous action on legislation to extend the Terrorism Risk Insurance Act (TRIA) is a critical step toward reauthori... Read more

  • Waters Applauds Senate Progress on Terrorism Insurance
    Posted in Press Releases on April 10, 2014 | Preview rr
    Tags: TRIA

    Following the news that members of the Senate Banking Committee have reached an agreement on legislation to reauthorize the Terrorism Risk Insurance Act (TRIA), Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, applauded their progress and lamented the lack of action in the House of Representatives. Waters has been outspoken in her support for a TRIA’s renewal, and led a panel discussion on its importance of the program earlier this year. The legislation was announ... Read more

  • Senators Strike Deal on Terrorism Insurance Extension
    Posted in In Case You Missed It on April 10, 2014 | Preview rr
    Tags: TRIA

    A bipartisan group of senators has struck a deal to extend a government insurance program for terrorist attacks. Under the proposal, the Terrorism Risk Insurance Act (TRIA) would be extended for another seven years, but private companies would shoulder a larger share of the costs if a terrorist attack occurred, according to an aide familiar with the deal. The program is set to expire at the end of the year. Sen. Charles Schumer (D-N.Y.) said TRIA has been "key to development" in high-risk areas ... Read more

  • Waters Calls For Focus on Serious Issues
    Posted in Press Releases on April 8, 2014 | Preview rr
    Tags: Full Committee, Dodd–Frank Wall Street Reform and Consumer Protection Act, Export-Import Bank, TRIA, Speeches and Committee Statements

    At today’s Financial Services Committee hearing with regulatory officials to discuss “government red tape,” Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, applauded regulators for putting the financial system on more stable footing after the worst economic crisis in a generation, and criticized the majority for continuing to push an ideologically-driven agenda focused on deregulation. Waters also criticized Republicans for continuing to avoid real, ... Read more

  • Waters Calls for a Focus on Promoting Growth and Reducing Income Inequality
    Posted in Press Releases on March 25, 2014 | Preview rr
    Tags: Full Committee, Export-Import Bank, TRIA, CFPB, SEC, HUD, Wealth Gap, International, Speeches and Committee Statements

    In today’s Financial Services Committee hearing on “Why Debt Matters,” Ranking Member Maxine Waters (D-CA), underscored the importance of promoting growth and reducing income inequality through short-term increases in discretionary fiscal stimulus in order to reduce the nation’s debt and deficit. In her remarks, Waters criticized austerity measures such as the Sequester for impeding economic growth – particularly during a recession. She also pointed to the obvious political motivation behind the... Read more

  • Ranking Member Waters' Opening Statement at Today's Full Committee Markup
    Posted in Press Releases on March 13, 2014 | Preview rr
    Tags: Export-Import Bank, TRIA, CFPB, SEC, HUD, Markup, Budget, Speeches and Committee Statements

    Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, today gave the following opening statement at today’s full committee markup of five bills intended to promote economic growth and the majority’s Budget Views and Estimates for fiscal year 2015. Her remarks are below. ) As prepared for delivery: Thank you Mr. Chairman. Promoting economic growth and reducing income inequality are critically important to ensure opportunity for every American. Today we are ... Read more

  • What Jeb Hensarling Doesn’t Know from Compromise
    Posted in In Case You Missed It on March 11, 2014 | Preview rr
    Tags: Dodd–Frank Wall Street Reform and Consumer Protection Act, TRIA, GSE

    Jeb Hensarling is finding out the hard way that conservative purity and running a powerful House committee don’t always mix. Even though he holds the gavel of the House Financial Services Committee, he recently had a bill yanked from under him by leadership because he wouldn’t compromise, while top priorities — like overhauling the housing finance system — are stuck in limbo because he can’t muster a coalition for a floor vote. The Texas Republican’s struggles on issues such as flood insurance, ... Read more

  • Waters Statement on Insurance Modernization Report
    Posted in Press Releases on February 4, 2014 | Preview rr
    Tags: TRIA, Subcommittee on Housing and Insurance, Speeches and Committee Statements

    At today’s hearing to review the Treasury Department’s Federal Insurance Office’s (FIO) Report on Modernizing Insurance Regulation, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, applauded the Office for its efforts to oversee the insurance marketplace and protect consumers. She also called for improved access to insurance in underserved communities, and noted the importance of renewing the Terrorism Risk Insurance Act (TRIA), which is set to expire at th... Read more

  • **Media Advisory** Waters to Host Panel Discussion on the Need to Reauthorize the Terrorism Risk Insurance Act
    Posted in Press Releases on January 13, 2014 | Preview rr
    Tags: TRIA

    On Wednesday, January 15, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, will moderate a bipartisan panel discussion on the reauthorization of the Terrorism Risk Insurance Act (TRIA), which for nearly 12 years has provided the nation’s largest venues, businesses and employers with affordable access to terrorism insurance coverage. This panel, which will be attended by Members of Congress, will facilitate a robust discussion from policyholders, indus... Read more

  • Waters Calls for Renewal of Terrorism Risk Insurance Program
    Posted in Press Releases on November 13, 2013 | Preview rr
    Tags: TRIA, Subcommittee on Housing and Insurance

    Financial Services Subcommittee Holds Hearing on TRIA Program Today, at a Committee on Financial Services’ Housing and Insurance Subcommittee hearing, Ranking Member Maxine Waters (D-CA) called for the quick, clean and long-term renewal of the Terrorism Risk Insurance Act, known as TRIA. At the hearing, entitled “The Future of Terrorism Insurance: Fostering Private Market Innovation to Limit Taxpayer Exposure,” Waters noted that an overwhelming number of stakeholders from a wide range of industr... Read more

  • Waters Touts Success of Terrorism Risk Insurance Program
    Posted in Press Releases on September 19, 2013 | Preview rr
    Tags: Full Committee, TRIA, Speeches and Committee Statements

    Letters in Support of extending TRIA House Financial Services Committee Holds First in a Series of Hearings on TRIA Program Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, delivered the following opening statement at today's full Committee hearing on the Terrorism Risk Insurance Act, known as TRIA. TRIA was enacted in the aftermath of the terrorist attacks of September 11, 2001, which caused estimated insured losses of $40 billion in current dollars – the l... Read more



Subscribe for Updates

Twitter Feed