TRIA

Waters Outlines Agenda in First Policy Speech as Committee Chairwoman

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following remarks during her first policy speech in the 116th Congress: As Prepared for Delivery Thank you for the very warm welcome, and to the Center for American Progress for holding this event. CAP’s research and policy work are highly respected and a valued resource for Members of... Read more »

Waters Applauds Senate Renewal of Terrorism Risk Insurance Act

| Posted in Press Releases
Tags: TRIA

Congresswoman Maxine Waters(D-CA), Ranking Member of the Committee on Financial Services, issued the following statement following Senate passage of legislation to renew the Terrorism Risk Insurance Act (TRIA), a critical insurance backstop that provides important protections for construction jobs, venues and regional economies across America: “ I applaud the U.S. Senate for swiftly addressing ren... Read more »

Waters Statement on Passage of Terrorism Risk Insurance Act

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Tags: TRIA

Upon passage of legislation to renew the expired Terrorism Risk Insurance Act (TRIA), Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Committee and a strong advocate for the program’s renewal, released the following statement: “I’m pleased that House Republicans have recognized the damage caused by the 11th hour brinksmanship that led to TRIA’s expiration. I thank House l... Read more »

Waters Statement on Senate Failure to Renew Terrorism Insurance

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Tags: TRIA

Upon the news of the U.S. Senate’s failure to reauthorize the critical Terrorism Risk Insurance Act, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, released the following statement: "I'm saddened and disappointed that the U.S. Senate was unable to renew the critical Terrorism Risk Insurance Act. The death of TRIA is the direct result of Chairman Hensarling'... Read more »

Waters Statement on Terrorism Risk Insurance Act

| Posted in Press Releases

Today on the House Floor, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, criticized House Republican leadership and committee Chairman Jeb Hensarling (R-TX) for a bad faith negotiation on the renewal of the Terrorism Risk Insurance Act (TRIA). Waters, a strong supporter of TRIA, objected to the troubling process by which unrelated legislation making c... Read more »

Waters Leads Democratic Caucus in Calling Long-Term Renewal of Terrorism Risk Insurance Program

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Tags: TRIA

Today, in a press conference at the U.S. Capitol, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, led members of the Democratic caucus in calling for a long-term renewal of the Terrorism Risk Insurance Act, which is set to expire at the end of 2014. The Ranking Member was joined by key members of Democratic House leadership, Leader Nancy Pelosi (D-CA), Whip ... Read more »

House TRIA Bill Gets No Support From Business Groups

| Posted in In Case You Missed It
Tags: TRIA

A House Republican's effort to rally support for overhauling the Terrorism Risk Insurance Program fell flat, sources familiar with the matter told SNL on Nov. 5. Trade groups and business organizations spanning the insurance, real estate and banking industries refused to formally back Rep. Randy Neugebauer's bill to reauthorize the program for five years and make significant changes to its structu... Read more »

Rising (Maxine) Waters

| Posted in In Case You Missed It

Maxine Waters — the fiery liberal from Los Angeles known for calling House Republican leadership “demons” and threatening to nationalize oil companies — has gone from the scourge of Big Business to a sympathetic ally for corporate America. It’s no accident. Waters is executing this transformation by seizing on the growing divide between conservative Republicans and Big Business and leveraging her ... Read more »

Waters Lauds Senate Passage of TRIA Renewal

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Tags: TRIA

Following the United States Senate’s passage of legislation to extend the Terrorism Risk Insurance Act for seven years, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, praised the chamber’s action, and its strong bipartisan vote of 93-4. Over the past several weeks, Waters has been engaged in productive discussions with Democrats, Republicans and President O... Read more »

Republicans Fall Short on TRIA Votes

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Tags: TRIA

Following reports that House Republicans lack the votes to pass the harmful TRIA Reform Act, Congresswoman Maxine Waters (D-CA), Ranking Democrat on the Financial Services Committee, called on members of both parties to work together to achieve consensus on the renewal of the Terrorism Risk Insurance Act. She released the following statement: “The TRIA Reform Act does not ensure our largest venues... Read more »

Waters Discusses Economic Challenges and Legislative Threats with Chair Yellen

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As Federal Reserve Chair Janet Yellen returned to testify before the House Financial Services Committee today, Congresswoman Maxine Waters (D-CA), the Ranking Democrat, laid out the significant challenges that lie ahead for the Fed, underscored the need to continue the unfinished business of Wall Street Reform and criticized Republican efforts to undermine the independence of the central bank. Wat... Read more »

Financial Services Committee Democrats Call for Transparency in TRIA Debate

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Tags: TRIA

As House Republicans prepare to set parameters for the upcoming debate over legislation to fundamentally change the Terrorism Risk Insurance Act (TRIA), 27 Democrats on the Financial Services Committee have called for a full, open debate on the legislation. In a letter to Speaker John Boehner (R-OH) and Rules committee Chairman Pete Sessions (R-TX), the lawmakers renewed their concerns with the Re... Read more »

Waters Touts Importance of Wall Street Watchdog

| Posted in Press Releases

At today’s full committee hearing to discuss the Financial Stability Oversight Council (FSOC) with Treasury Secretary Jack Lew, Congresswoman Maxine Waters (D-CA) highlighted the important work of the Council in identifying systemic risk and protecting American homeowners, consumers, and the economy. Specifically, the Ranking Member of the Committee on Financial Services reminded FSOC’s critics th... Read more »

Waters Strongly Opposes Radical Changes to TRIA, FSOC

| Posted in Press Releases

In today’s full committee markup, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, voiced her strong opposition to Republican measures to radically change the Terrorism Risk Insurance Act (TRIA) and undercut the Financial Stability Oversight Council (FSOC). On TRIA, Waters blasted Republicans for drafting legislation that jeopardizes a program that has ... Read more »

Waters Blasts Republicans for Time Wasted, Issues Ignored

| Posted in Press Releases

In today’s full Committee markup, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, blasted Republicans for continuing to waste the Committee’s time and resources on measures that weaken important consumer protections, undo transparency and accountability measures for Wall Street’s biggest actors and carve out major exceptions for large public companies. Waters criti... Read more »

Waters Statement on Banking Committee’s Passage of Terrorism Insurance Legislation

| Posted in Press Releases
Tags: TRIA

Following the Senate Banking Committee’s markup of legislation to reauthorize the Terrorism Risk Insurance Act (TRIA), Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, applauded the committee’s progress and called on House Republicans to swiftly act to renew the program. Waters released the following statement. “The Senate Banking Committee’s unanimous action ... Read more »

Waters Applauds Senate Progress on Terrorism Insurance

| Posted in Press Releases
Tags: TRIA

Following the news that members of the Senate Banking Committee have reached an agreement on legislation to reauthorize the Terrorism Risk Insurance Act (TRIA), Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, applauded their progress and lamented the lack of action in the House of Representatives. Waters has been outspoken in her support for a TRIA’s renewal, and l... Read more »

Senators Strike Deal on Terrorism Insurance Extension

| Posted in In Case You Missed It
Tags: TRIA

A bipartisan group of senators has struck a deal to extend a government insurance program for terrorist attacks. Under the proposal, the Terrorism Risk Insurance Act (TRIA) would be extended for another seven years, but private companies would shoulder a larger share of the costs if a terrorist attack occurred, according to an aide familiar with the deal. The program is set to expire at the end of... Read more »

Waters Calls For Focus on Serious Issues

| Posted in Press Releases

At today’s Financial Services Committee hearing with regulatory officials to discuss “government red tape,” Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, applauded regulators for putting the financial system on more stable footing after the worst economic crisis in a generation, and criticized the majority for continuing to push an ideologically-driv... Read more »

Waters Calls for a Focus on Promoting Growth and Reducing Income Inequality

| Posted in Press Releases

In today’s Financial Services Committee hearing on “Why Debt Matters,” Ranking Member Maxine Waters (D-CA), underscored the importance of promoting growth and reducing income inequality through short-term increases in discretionary fiscal stimulus in order to reduce the nation’s debt and deficit. In her remarks, Waters criticized austerity measures such as the Sequester for impeding economic growt... Read more »

Ranking Member Waters' Opening Statement at Today's Full Committee Markup

| Posted in Press Releases

Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, today gave the following opening statement at today’s full committee markup of five bills intended to promote economic growth and the majority’s Budget Views and Estimates for fiscal year 2015. Her remarks are below. ) As prepared for delivery: Thank you Mr. Chairman. Promoting economic growth and reducin... Read more »

What Jeb Hensarling Doesn’t Know from Compromise

| Posted in In Case You Missed It

Jeb Hensarling is finding out the hard way that conservative purity and running a powerful House committee don’t always mix. Even though he holds the gavel of the House Financial Services Committee, he recently had a bill yanked from under him by leadership because he wouldn’t compromise, while top priorities — like overhauling the housing finance system — are stuck in limbo because he can’t muste... Read more »

Waters Statement on Insurance Modernization Report

| Posted in Press Releases

At today’s hearing to review the Treasury Department’s Federal Insurance Office’s (FIO) Report on Modernizing Insurance Regulation, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, applauded the Office for its efforts to oversee the insurance marketplace and protect consumers. She also called for improved access to insurance in underserved communities, and no... Read more »

**Media Advisory** Waters to Host Panel Discussion on the Need to Reauthorize the Terrorism Risk Insurance Act

| Posted in Press Releases
Tags: TRIA

On Wednesday, January 15, Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, will moderate a bipartisan panel discussion on the reauthorization of the Terrorism Risk Insurance Act (TRIA), which for nearly 12 years has provided the nation’s largest venues, businesses and employers with affordable access to terrorism insurance coverage. This panel, which wi... Read more »

Waters Calls for Renewal of Terrorism Risk Insurance Program

| Posted in Press Releases

Financial Services Subcommittee Holds Hearing on TRIA Program Today, at a Committee on Financial Services’ Housing and Insurance Subcommittee hearing, Ranking Member Maxine Waters (D-CA) called for the quick, clean and long-term renewal of the Terrorism Risk Insurance Act, known as TRIA. At the hearing, entitled “The Future of Terrorism Insurance: Fostering Private Market Innovation to Limit Taxpa... Read more »



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