Political Quotes

“Mr. President, after 9/11, Congress passed TRIA, the Terrorism Risk Insurance Act, to make sure commercial developers could afford the high costs of insuring their properties against the possibility of a devastating terrorist attack. This is a bill for the people who own the tallest buildings in the world. TRIA is a critical program that helps drive economic development and create jobs. Last July Senate Democrats were united in support of a bill that would reauthorize TRIA and establish a National Association of Registered Agents and Brokers, called NARAB. The bill passed with 93 votes. Senate negotiators then reached a compromise with the House on both TRIA and NARAB, but at the eleventh hour House Republicans tacked on a provision that would roll back an unrelated provision in Dodd-Frank, and then they left town for the year, knowing the Senate would either have to swallow the change or let TRIA expire. That same bill, the TRIA compromise with the extra Dodd-Frank change attached to it, is currently being debated by the Senate. We have seen this movie before. At the end of the last Congress, House Republicans tacked a rollback of a ``no bailouts'' provision in Dodd-Frank on to the must-pass funding bill. That rollback, which was literally written by lobbyists for the giant bank Citigroup, was a Wall Street giveaway--plain and simple.…”