(January 8, 2015) The hotel industry secured a major legislative victory with the Senate’s passage of the Terrorism Risk Insurance Act (TRIA) by an overwhelming vote of 93-4. This vote, on the heels of the House passage on January 7 by a vote of 416-5 means that this critical legislation heads to the President’s desk for his signature.

Reauthorization of this program has long been one of the American Hotel & Lodging Association’s (AH&LA) top priorities. Back in July, the Senate passed a bipartisan version of this bill by an overwhelming vote of 93-4, and in December, the House passed its own version of the bill. Unfortunately, the 113th Congress adjourned without reaching an agreement on a final bill, which allowed the program to expire on December 31, 2014..

The leadership of AH&LA and grassroots engagement of the hotel industry helped lead to this important victory in the first week of the 114th Congress.