U.S. Senator Tammy Baldwin Statement on the Terrorism Risk Insurance Act

Washington, D.C. – U.S. Senator Tammy Baldwin released the following statement after the U.S. Senate passed the Terrorism Risk Insurance Act (TRIA) by a vote of 93-4. The bill now heads to the President’s desk for his signature.

“With this bipartisan legislation, we are restoring the long-term security our economy and the American people deserve. TRIA serves as a crucial backstop and will give confidence to Wisconsin’s small businesses and taxpayers alike. However, I am disappointed with Republicans’ continued insistence on attaching changes to the Wall Street Reform Act with must-pass legislation. While I’m supportive of the underlying provision that separates end-users in Wisconsin’s manufacturing and agriculture sector from Wall Street Banks, I fear continuing this precedent will lead to future rushed changes to the Wall Street Reform Act that will cause harm.”