U.S. Travel Association Executive Vice President for Public Affairs and Policy Tori Emerson Barnes issued the following statement on the Pandemic Risk Insurance Act (PRIA, H.R. 7011)—modeled on the post-9/11 Terrorism Risk Insurance Act (TRIA)—introduced by U.S. Rep. Carolyn Maloney (D-NY):
“The PRIA legislation is a critical step in building the policy framework to navigate out of the economic crisis that has resulted from the pandemic, and help ensure it never happens again.
“9/11 exposed the need for terrorism risk insurance, and since the impact of coronavirus on the travel industry has been nine times that of 9/11, it is very sensible to offer a similar backstop for pandemics. This measure will go a long way in giving businesses the confidence they need to reopen, which will be vital to a rapid, robust and sustained economic recovery.
“Congresswoman Maloney and the other co-sponsors of PRIA deserve enormous credit for initiating this crucial step to restore American jobs and put the country back on the road to prosperity.”
