DEPARTMENT OF THE TREASURY December 7, 2014 ‘The Honorable Charles, Sehumer United States Senate ‘Washington, DC 20510 Dear Senator Schumer: [ write to thank you for your leadership on extending the Terrorism Risk Insurance Act (TRIA) and its Program. As you know wel, TRIA is citcal to our economie and national seeurty ‘Terrorism insurance is necessary for a broad range of economic activities in areas across the country, and would be prohibitively expensive or unavailable in the absence ofthe Program. ‘There is clear bipartisan support in both the Senate and the House to enact a long-term extension, ‘while making reforms to further reduce taxpayer exposure. Time is running short to bead off an ‘unnecessary, unprecedented, and disruptive lapse ofthe Program, which is scheduled to expire in a few weeks Given the economic necessity and national security implications of this legislation, TRIA's reauthorization should not be delayed due to disagreements over entirely unrelated financial regulatory issues. I appreciate the hard work you and your bipartisan colleagues are doing to reauthorize a long-term extension ofthe TRIA. Sincerely, eres Jasob J, Lew