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Statement from Kathryn Wylde, President and CEO at the Partnership for New York City, on Passage of Senate Bill (S.2244), the Terrorism Risk Insurance Program Reauthorization Act of 2014

“Terrorism is a reality, particularly in places like New York and TRIA is one of the 21st Century tools we rely on to protect jobs and the economy,” said Kathryn Wylde, President & CEO of the Partnership for New York City.  “Senator Schumer and Members of the Senate Banking, Housing, and Urban Affairs Committee have crafted a bill that allows insurers, employers, and property owners to manage the terrorism risk. The House should follow the Senate’s lead and pass a bill that maintains the current structure of this essential program without delay.”