Steny Hoyer: “We believe the TRIA bill is a very, very important bill. Chairman Frank has been very involved in this, as have…”

“We believe the TRIA bill is a very, very important bill. Chairman Frank has been very involved in this, as have bipartisan Members of the Financial Services Committee been involved in this. ... The TRIA bill, as you observed, has raised an issue of PAYGO, as to whether or not there is a financial consequence of the legislation. The CBO has made an estimate. Clearly, however, there is no payout if a terrorist attack doesn't happen, so there is a contingency it would have to happen. We are trying to address that, which we did not anticipate, frankly. As a result, however, we are trying to look at this to see whether or not we can both move the legislation as quickly as possible as well as accommodate the issue of PAYGO.”