WASHINGTON—The American Hotel & Lodging Association (AH&LA) praised the U.S. House of Representatives for passing legislation H.R. 26, Terrorism Risk Insurance Program Reauthorization Act of 2015.
“AH&LA applauds the House of Representatives for moving swiftly in the new Congress to reauthorize the Terrorism Risk Insurance Act (TRIA), which expired a week ago. TRIA is vital in ensuring that businesses operate with the certainty they need to invest capital and create new jobs, and today’s action is a step in the right direction toward restoring the program.
The lodging sector continues to be a bright spot in the economy with more than four straight years of job growth, and the reauthorization of TRIA is crucial to continuing that growth. We urge the Senate to immediately follow suit and pass the reauthorization measure critical to providing the stability and certainty needed to continue development projects, invest in communities across the country and create jobs,” said Katherine Lugar, AH&LA president and CEO.
