Political Quotes

“Senator Crapo listed some letters and asked that they be put in the Record for some groups supporting our legislation. We have a very long list, and I ask unanimous consent that list be added to the Record, the supporters of the legislation. There being no objection, the material was ordered to be printed in the Record, as follows: Support S. 2244, the Bipartisan Terrorism Risk Insurance Program Reauthorization Act of 2014 On April 10th, following two Banking Committee hearings on the need for Congress to reauthorize TRIA, Senators Schumer (D-NY), Kirk (R-IL), Reed (D-RI), Heller (R-NV), Murphy (D- CT), Johanns (R-NE), Warner (D-VA), Blunt (R-MO) and Menendez (D-NJ) introduced the Terrorism Risk Insurance Program Reauthorization Act of 2014. The sponsors, working with Banking Committee Chairman Johnson and Crapo, crafted a bipartisan compromise with the following key features: Long-term extension that will promote national security, economic growth and market certainty 7 year extension of TRIA until December 31, 2021. Improve existing taxpayer protections Gradually raise the insurer co-payment from 15% to 20% over 5 years. Gradually raise the mandatory recoupment threshold from $27.5 billion to $37.5 billion over 5 years. When considering S.…”