Press Release

January 8, 2015
Cardin Statement on Terrorism Risk Insurance Renewal

WASHINGTON – U.S. Senator Ben Cardin (D-Md.), a member of the Senate Finance Committee, issued the following statement after the Senate passage of the Terrorism Risk Insurance Act (TRIA):


“The renewal of the Terrorism Risk Insurance Act (TRIA) is crucial for businesses across Maryland and our nation. Congress is acting to prevent disruptions that could have exposed these businesses to unpredictable premium increases and created a major obstacle for obtaining new project financing. The damage to our economy, if the policies were needed, would have been incalculable. While I would have liked to have seen the Congress take action earlier, I am pleased that we are finally able to give U.S. companies the certainty that they deserve on this important issue.”