NAR Support Letter to Chairman Crapo and Ranking Member Brown Regarding S 2877 TRIP Reauthorization Act of 2019
Issue Date: November 19, 2019
US S 2877 - Terrorism Risk Insurance Program Reauthorization Act of 2019
On November 19, NAR sent a letter to Chairman Crapo, Ranking Member Brown, and cc’ing the full Senate Committee on Banking, Housing, And Urban Affairs. The letter expresses NAR’s support for S. 2877, the “Terrorism Risk Insurance Program Reauthorization Act of 2019,” sponsored by Senators Thom Tillis (R-NC) and Tina Smith (D-MN). This bipartisan legislation would extend the Terrorism Risk Insurance Program (TRIP) for seven years, providing stability to the current system which has successfully kept terrorism insurance available and affordable since 2002.