On the recordJanuary 8, 2015
today the Senate is considering the reauthorization of the Terrorism Risk Insurance Program, which I strongly support. As I have emphasized in the past, reauthorizing TRIA is vital. In addition to serving on the Banking Committee, I also now serve as the Ranking Member on the Armed Services Committee, and it is through this dual perspective, and from what we know of the significant terrorist threats our Nation still faces, that I am convinced that there is value in reauthorizing TRIA. We must keep markets effectively operating in light of these threats. We must continue to have policies in place to make sure our economy stays on track in the event of another attack on our nation. In short, reauthorizing TRIA is not only a matter of economic security, it is also a matter of national security. I believe most of my colleagues share this view, and it is one of the many reasons why the Senate in the last Congress was able to pass a TRIA reauthorization bill on an overwhelmingly bipartisan basis by a vote of 93 to 4 in July of last year. This did not happen by accident but through a concerted bipartisan effort in the Senate to steer clear of controversial and ideological demands on both sides of the aisle in an earnest attempt to work together in defense of our country and our economy.…