HOUSE Key Vote Alert - TRIA Extension
KEY VOTE ALERT
"NO" on extending the TERRORISM RISK INSURANCE REVISION and EXTENSION ACT (H.R. 2761)
The Club for Growth urges members of the House to vote "NO" on the Terrorism Risk Insurance Revision and Extension Act (H.R. 2761) - otherwise known as TRIA. This vote will be included in the Club for Growth's 2007 Congressional Scorecard.
This temporary law is set to expire at the end of the year, but Congress wants to extend it for another 15 years. It is a perfect example of what President Reagan once said. "Government programs, once launched, never disappear. Actually, a government bureau is the nearest thing to eternal life we'll ever see on this Earth."
Not only does this bill extend the life of the TRIA program, but it also broadens coverage into group life insurance and domestic terrorism. Clearly, expanding the program will distort insurance markets, reduce financial incentives to maximize safety and increase the risk of tax-funded losses.
Our Congressional Scorecard for the 110th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to our members and to the public.
Posted at Key Vote Alert at 3:34 PM | TrackBack
