Now is the time for Congress to extend TRIA

When Congress returns in September from its summer recess, we will enter the final and most critical phase of our campaign to extend the Terrorism Risk Insurance Act (TRIA). Months of testimony, research reports, one-on-one meetings and highly effective communications with key members of the House and Senate have resulted in an overwhelming 93-4 Senate vote to reauthorize TRIA (S. 2244) and in a House Financial Services bill (H.R. 4871) that awaits full House consideration.

This is positive news. But achieving final enactment of meaningful TRIA legislation before year-end will require the outreach of business owners across the country.

When Congress returns in September, many Members of the House will be pre-occupied with their elections. We must keep them focused on passing TRIA legislation before year-end.

Time is running out. Congress must take action to complete the reauthorization of this critical program before it expires on December 31, 2014. Please help us urge the House to pass a bill to renew TRIA as soon as possible.

Contact your Member of Congress today. You can easily use this grassroots contact system here

See the below chart comparing the two bills to current law

[doc id=8422]

Author

Engineered Tax Services

Engineered Tax Services

Recent Posts

IRS notice

Understanding IRS Notice N-2023-67

The U.S. tax code is an evolving landscape, especially when it comes to sustainability and energy-efficient housing. That’s why IRS Notice N-2023-67 has become a focal point for professionals in the construction and real estate industries. If you’re wondering what this notice entails and how it can affect your business or personal finances, you’re in

Read More »
logistics tax strategies

Why Cost Segregation Is a Key Logistics Tax Strategy 

In the demanding world of logistics, where every cent counts, cash flow optimization is crucial. Sure, it’s essential to trim expenses and enhance efficiency, but have you ever considered that a fresh take on your tax strategy could also lead to serious savings?   This is where cost segregation enters the picture. This blog post is

Read More »

Contact Us