U.S. Travel Association President and CEO Roger Dow issued the following statement after Congress adjourned without finalizing the Terrorism Risk Insurance Act (TRIA):
“It is disappointing that Congress left town without addressing TRIA’s expiration on December 31.
“At no cost to U.S. taxpayers, TRIA has become a must-have program across all industries—especially travel. The bipartisan program provides the insurance needed to protect U.S. jobs and prevent economic paralysis in the wake of a terrorist attack. Prior to TRIA’s enactment in 2002, America lost an estimated 300,000 jobs after 9/11. The effects cascaded for years.
“U.S. businesses and workers deserve certainty and protection entering the New Year. Congressional leaders should act immediately to give it to them and renew this critical backstop.”
In September, U.S. Travel joined a multi-industry sign-on letter to the House of Representatives urging TRIA renewal. Click here to read the letter.
U.S. Travel Association is the national, non-profit organization representing all components of the travel industry. In 2020, travel generated $1.5 trillion in economic output and supported 11 million jobs, a drastic decline from pre-pandemic figures. U.S. Travel's mission is to increase travel to and within the United States. Visit ustravel.org for information and recovery-related data.
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