Terrorism Risk Insurance Program Reauthorization Act of 2019

Floor Speech

BREAK IN TRANSCRIPT

Mr. ZELDIN. Mr. Speaker, I thank the ranking member and my colleagues on both sides of the aisle for their passionate advocacy on behalf of this important issue.

Listening to my colleague, Gregory Meeks, I will remind everyone, as he heads toward the back of the Chamber, I represent the greatest congressional district in New York, the First Congressional District of New York.

We as New Yorkers, but really all of us in this Chamber as Americans, Republicans and Democrats, have worked together and need to continue to work together.

Ranking Member McHenry has had a great open door for Republicans, to hear our feedback and concerns on this important issue, to make sure there is not a lapse.

Mr. Speaker, I am rising in support of H.R. 4634, the Terrorism Risk Insurance Program Reauthorization Act of 2019, which builds on our continued efforts to keep our promise to the victims of terrorism through the Never Forget the Heroes Act, which was signed into law earlier this year.

The U.S. continues to face one of the most challenging threat environments, and terrorists will try to find any way to instill fear and destroy the American values and way of life that we hold dear, love, and cherish.

For the terrorists, their efforts include destabilizing our financial markets and economy.

We must combat terrorism through every means possible. The Terrorism Risk Insurance Act is a critical insurance backstop that provides important protections for construction jobs, venues, and regional economies across America in the event of a catastrophic terrorist attack.

Failure to reauthorize this program could cause major market disruption, which is why I am proud to cosponsor this important legislation.

Mr. Speaker, I urge all of my colleagues to support this bill to bolster both our national and economic security. I rise not just as a New Yorker but with my colleagues together as Americans.

Mr. Speaker, I thank the chair and the ranking member for bringing this bill to the floor.

BREAK IN TRANSCRIPT

Source