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RIHA Signs on to Letter on TRIA
The letter proved to be quite timely, as it was sent to the Hill on the same day the Speaker of the House was reported to be leaning toward a short-term extension of TRIA, which would obviously not be an ideal outcome. Below is a story on our letter which appeared in one of the primary Capital Hill publications, The Hill. It shows the impact we can have when the industry speaks out with one voice. Read Letter: TRIA House 11-5-14.pdf
Hotel industry presses for passage of terrorism insurance
Vicki Needham - 11/06/14 02:48 PM EST
More than 80 hotel industry groups are urging Congress to pass a bill they say will protect their properties against the risk of a terrorist attack.
The American Hotel & Lodging Association (AH&LA) urged lawmakers to pass a long-term continuation of the Terrorism Risk Insurance Act (TRIA), which would expire at the end of the year without congressional action.
"Now that the long campaign season is over, the House of Representatives must immediately move to reauthorize TRIA as soon as they return to Washington,” said Katherine Lugar, president and CEO of the AH&LA.
“This program protects future development projects and provides security that hoteliers need to grow and create jobs….