CEOs Call Upon the House Republican Leadership to Promptly Pass

Reauthorization of the Terrorism Risk Insurance ct !TRI"
Members of the Partnership for New York City Call TRIA “a 21
st
Century Tool that Protets
Amerian !obs an" Allows In#estments to Continue$
#e$ %ork City& 'uly ((& ()*+ – Today, in a letter sent to Representatives John Boehner (R-OH),
Speaker of the House; evin !"#arthy (R-#$), !a%ority &hip; and Steve S"alise (R-'$),
!a%ority &hip-(le"t, ))* leaders of so+e of the nation,s lar-est e+ployers "alled on the House
Repu.li"an leadership to pro+ptly pass reauthori/ation of the Terroris+ Risk 0nsuran"e $"t
(TR0$)1 TR0$ 2as "reated in 3443 follo2in- the 56)) atta"ks in order to provide a federal
.a"kstop for insuran"e "overa-e in the event of "atastrophi" losses fro+ terrorist atta"ks1
Business leaders are "on"erned that if no a"tion is taken .y #on-ress, the pro-ra+ 2ill end this
year and terroris+ insuran"e 2ill a-ain .e"o+e unavaila.le1 This 2ould pose a parti"ular
pro.le+ for 7e2 8ork #ity, the nation,s 9) terrorist tar-et1
$+eri"a re+ains vulnera.le to international terroris+ and TR0$ is one of the 3)st #entury
tools that 2e rely upon to prote"t $+eri"an %o.s and allo2 invest+ent to "ontinue, despite the
risk of terroris+1 &ith the sunset of this federal pro-ra+ "o+in- up in :e"e+.er, it is already
diffi"ult to rene2 insuran"e alon- the lines re;uired .y e+ployers and property o2ners in
ur.an "enters1
<$s "urrently desi-ned, the Terroris+ Risk 0nsuran"e $"t (TR0$) pro-ra+ 2orks, and is
2hat +akes it possi.le to +aintain our vi.rant e"ono+y in the fa"e of 2hat 2e all
re"o-ni/e as a si-nifi"ant risk1=
%&ull 'etter to (ouse Republian 'ea"ership)
July 33, 34)>
:ear Representatives Boehner, !"#arthy, and S"alise?

&e 2rite to ur-e the House of Representatives to ;ui"kly pass the Terroris+ Risk 0nsuran"e
Reauthori/ation $"t (TR0$)1 $+eri"a re+ains vulnera.le to international terroris+1 <TR0$= is
one of the 3)
st
#entury tools that 2e rely upon to prote"t $+eri"an %o.s and allo2 invest+ent
to "ontinue, despite the risk of terroris+1 &ith the sunset of this federal pro-ra+ "o+in- up in
:e"e+.er, it is already diffi"ult to rene2 insuran"e alon- the lines re;uired .y e+ployers and
property o2ners in ur.an "enters1
The .ill that passed in the Senate last 2eek 2ith over2hel+in-, .ipartisan support provides
the federal .a"kstop ne"essary to allo2 insurers, e+ployers, and property o2ners to "ontinue
to +ana-e terroris+ risk1 0t is i+portant to the .usiness "o++unity in 7e2 8ork #ity and
a"ross the nation that the House a"t s2iftly to pass a .ill that +aintains a pro-ra+ stru"ture
that has proven effe"tive and has had no "ost to the federal ta@payer1
&e 2ant to "ontinue to 2ork 2ith you to keep our e"ono+y -ro2in-1 TR0$ is one of the
pu.li"-private partnership arran-e+ents that +akes "ontinued -ro2th possi.le1

Sin"erely,
Lee ,- inslie& III& !ana-in- Aartner, !averi"k #apital
.ay ,- /an0a& Aresident B #(O, !aster#ard
1a2id /ar0er& Aresident B #(O, JetBlue $ir2ays #orporation
Candace 3- /einecke& #hair, Cirst (a-le Cund B #hair, Hu-hes Hu..ard B Reed ''A
4rank - /ennack& 'r-& (@e"utive Di"e #hair+an of the Board B #hair+an, (@e"utive
#o++ittee, Hearst #orporation
,tephen /er0er& #hair+an, Odyssey 0nvest+ent Aartners, ''#
5illiam H- /erkman& !ana-in- Aartner, $sso"iated Aartners, 'A
6ark T- /ertolini& #hair+an, #(O B Aresident, $etna 0n"1
6ichael 5- /lair& Aresidin- Aartner, :e.evoise B Ali+pton ''A
'eff T- /lau& #hief (@e"utive Offi"er, The Related #o+panies, '1A1
3athy /loom0arden& #hief (@e"utive Offi"er, Ruder Cinn, 0n"1
dam 6- /lumenthal& !ana-in- Aartner, Blue &olf #apital !ana-e+ent
6ichael C- /odson& Aresident B #(O, The :epository Trust and #learin- #orporation
4rank /ranchini& #hair+an B #(O, (+.le+Health Servi"es ''#
'ac7ues /rand& #hief (@e"utive Offi"er, 7orth $+eri"a, :euts"he Bank $+eri"as
Tory /urch& #hief (@e"utive Offi"er, Tory Bur"h ''#
Ursula 6- /urns& #hair+an B #(O, Eero@ #orporation
6ichael - Carpenter& #hief (@e"utive Offi"er, $lly Cinan"ial 0n"1
8re0ory C- Case& #hief (@e"utive Offi"er, $on pl"
1ominic '- Casserley& #hief (@e"utive Offi"er, &illis Froup Holdin-s, Al"
'ohn Catsimatidis& #hair+an B #(O, Red $pple Froup, 0n"1
3enneth I- Chenault& #hair+an B #(O, $+eri"an (@press #o+pany
'ane - Chmielinski& #hief Operatin- Offi"er B Aresident, $+eri"as, $(#O!
Richard /- Clark& #hair+an B Flo.al Head of Real (state, Brookfield Offi"e Aroperties 0n"1
H- Rod0in Cohen& Senior #hair+an, Sullivan B #ro+2ell ''A
Crei0hton Condon& Senior Aartner, Shear+an B Sterlin-
Philippe P- 1auman& Aresident and #(O, Dia"o+ 0n"1
nthony '- de #icola& #o-Aresident, &elsh, #arson, $nderson B Sto2e
Todd C- 1e8armo& #hief (@e"utive Offi"er, STG:0OS $r"hite"ture
/arry 1iller& #hair+an B Senior (@e"utive, 0$#
1aniel L- 1octoroff& Aresident B #(O, Bloo+.er- '1A1
Irene 6- 1orner& Aresident B #(O, HSB# Bank GS$
1ou0las 1urst& #hair+an, :urst Or-ani/ation 0n"1
Richard 5- Edelman& Aresident B #(O, (del+an
'oel ,- Ehrenkranz& Senior Aartner, (hrenkran/ Aartners '1A1
ndre$ 4arkas& #hair+an B #(O, 0sland #apital Froup ''#
Ro0er 5- 4er0uson& Aresident B #(O, T0$$-#R(C
'oseph R- 4icalora& Aresident B #(O, 7e2 8ork #o++unity Ban"orp, 0n"1
Laurence 1- 4ink& #hair+an B #(O, Bla"kRo"k, 0n"1
lan H- 4ishman& #hair+an, 'adder #apital Cinan"e ''#
2
5illiam E- 4ord& #hief (@e"utive Offi"er, Feneral $tlanti" ''#
Ed$ard C- 4orst& Aresident B #(O, #ush+an B &akefield, 0n"1
Russell P- 4radin& #hief (@e"utive Offi"er, SunFard
Eric '- 4riedman& !ana-in- Aartner, Skadden, $rps, Slate, !ea-her B Clo+ ''A
6ark T- 8allo0ly& !ana-in- Arin"ipal, #enter.rid-e Aartners
6arynne 8ilmartin& Aresident B #(O, Corest #ity Ratner #o+panies
/arry 6- 8osin& #hief (@e"utive Offi"er, 7e2+ark Fru.. ni-ht Crank
'onathan #- 8rayer& Aresident B #(O, &eld 7orth ''#
Robert 8reifeld& #hief (@e"utive Offi"er, The 7$S:$H O!E Froup, 0n"1
'ames H- Herbert& II& #hair+an B #(O (Coundin-), Cirst Repu.li" Bank
6arc Holliday& Aresident B #(O, S' Freen Realty #orp1
,te2en Holliday& #hief (@e"utive Offi"er, 7ational Frid
,tephen R- Ho$e& 'r-& $+eri"as $rea !ana-in- Aartner, (rnst B 8oun- ''A
4rederick '- Iseman& #hair+an B #(O, #0 #apital Aartners ''#
'effrey 3atz& Aresident B #(O, Sher2ood (;uities 0n"1
3laus 3leinfeld& #hair+an B #(O, $l"oa 0n"1
Henry R- 3ra2is& #o-#hair+an B #o-#(O, ohl.er- ravis Ro.erts B #o1
5illiam P- Lauder& (@e"utive #hair+an, The (stIe 'auder #o+panies, 0n"1
Rochelle /- Lazarus& #hair+an (+eritus, O-ilvy B !ather &orld2ide
'oseph 6- Leccese& #hair+an, Aroskauer
Richard ,- Le4rak& #hair+an B #(O, The 'eCrak Or-ani/ation
'effrey E- Le2ine& #hair+an, :ou-laston :evelop+ent
Pamela Liebman& Aresident B #(O, The #or"oran Froup, 0n"1
6artin Lipton& Senior Aartner, &a"htell, 'ipton, Rosen B at/
Terry '- Lund0ren& #hair+an, Aresident B #(O, !a"yJs, 0n"1
/rid0et - 6acaskill& Aresident B #(O, Cirst (a-le 0nvest+ent !ana-e+ent, ''#
Peter L- 6alkin& #hair+an (+eritus, (+pire State Realty Trust
'oel ,- 6arcus& #hair+an, #(O B Counder, $le@andria Real (state (;uities, 0n"1
1onald /- 6arron& #hair+an, 'i-htyear #apital
Peter 5- 6ay& Aresident B Coundin- Aartner, Trian Aartners
'ohn 6c2oy& #hair+an, Aresident B #(O, #on (dison
,herilyn 6cCoy& #hief (@e"utive Offi"er, $von Arodu"ts, 0n"1
Raymond 5- 6c1aniel& 'r-& Aresident B #(O, !oodyJs 0nvestors Servi"e
6itchell 6odell& #hief (@e"utive Offi"er, !odellJs Sportin- Foods
3enneth 1- 6oelis& #hief (@e"utive Offi"er, !oelis B #o+pany Holdin-s 'A
Robert E- 6oritz& #hair+an B Senior Aartner, Ari"e2aterhouse#oopers, ''A
tsushi #aka.ima& Aresident B #(O, Ro"kefeller Froup 0nternational, 0n"1
Richard 1- Parsons& Senior $dvisor, Aroviden"e (;uity Aartners
Ronald Perelman& #hair+an B #(O, !a"$ndre2s B Cor.es Holdin-s 0n"1
1ou0las L- Peterson& Aresident B #(O, !"Fra2 Hill Cinan"ial
Charles E- Phillips& 'r-& #hief (@e"utive Offi"er, 0nfor
1eidre 9uinn& Aresident B #(O, 'afayette )>K 7e2 8ork
Ian C- Read& #hair+an of the Board B #(O, Afi/er 0n"1
,cott H- Rechler& #hair+an B #(O, RER Realty ''#
Thomas '- Reid& !ana-in- Aartner, :avis Aolk B &ard2ell ''A
1aniel 5- Riordan& #hief (@e"utive Offi"er, Flo.al #orporate, 7orth $+eri"a, Luri"h
0nsuran"e Froup 'td
'ames 1- Robinson& III& #o-Counder B Feneral Aartner, RR( Dentures
'ulio E- Ro.as& #hief (@e"utive Offi"er, $+eri"as, Standard #hartered Bank
5ilbur L- Ross& 'r-& #hair+an B #(O, &' Ross B #o1 ''#
6ichael I- Roth& #hair+an B #(O, 0nterpu.li" Froup
,te2en Roth& #hair+an B #(O, Dornado Realty Trust
Ho$ard '- Rubenstein& Aresident, Ru.enstein $sso"iates, 0n"1
5illiam C- Rudin& Di"e #hair+an B #(O, Rudin !ana-e+ent #o+pany, 0n"1
3e2in P- Ryan& #hair+an B Counder, Filt
le:ander ,aint;mand& #hief (@e"utive Offi"er, F'F
lan 1- ,ch$artz& (@e"utive #hair+an, Fu--enhei+ Aartners, ''#
/arry 4- ,ch$artz& (@e"utive Di"e #hair+an B #hief $d+inistrative Offi"er, !a"$ndre2s B
Cor.es Holdin-s 0n"1
4rank '- ,ciame& #hair+an B #(O, C1J1 S"ia+e #onstru"tion #o1, 0n"1
6ichael C- ,locum& Aresident, #o++er"ial Bankin-, #apital One Bank
'ames C- ,mith& #hief (@e"utive Offi"er, Tho+son Reuters
'- Eric ,mith& #hief (@e"utive Offi"er, S2iss Re $+eri"as
Tad ,mith& Aresident B #(O, The !adison S;uare Farden #o+pany
'erry I- ,peyer& #hair+an B #o-#(O, Tish+an Speyer
rthur P- ,teinmetz& Aresident B #(O, Oppenhei+erCunds, 0n"1
6ark Thompson& Aresident B #(O, The 7e2 8ork Ti+es #o+pany
6ary nn Ti0he& #hief (@e"utive Offi"er, 78 Tri-State Re-ion, #BR(, 0n"1
'ames ,- Tisch& Aresident B #(O, 'oe2s #orporation
1aniel R- Tishman& Di"e #hair, Tish+an Realty Aartners
'ohn /- <eihmeyer& #hair+an B #(O, A!F ''A
8eor0e H- 5alker& #hair+an B #(O, 7eu.er-er Ber+an Froup ''#
Charles 5einstein& #hief (@e"utive Offi"er, (isner$+per ''A
Christopher '- 5illiams& #hair+an B #(O, The &illia+s #apital Froup, '1A1
Robert 5olf& #hief (@e"utive Offi"er, M3 $dvisors, ''#
1ou0las 6- 5oodham& Aresident, $+eri"as, #hristieJs
3athryn ,- 5ylde& Aresident B #(O, Aartnership for 7e2 8ork #ity
Tim =a0at& #o-#hair, La-at Survey ''#
,trauss =elnick& #hief (@e"utive Offi"er, Lelni"k!edia #orporation
6ortimer /- =uckerman& #hair+an B (ditor-in-#hief, GS7e2s B &orld Report; #hair+an B
Au.lisher, 78 :aily 7e2s; #hair+an, Boston Aroperties
bout the Partnership for #e$ %ork City
The Aartnership for 7e2 8ork #ity (2221pfny"1or-) en-a-es the #(Os of the #ity,s 344 lar-est e+ployers in
efforts to advan"e the 7e2 8ork #ity e"ono+y and +aintain the #ity,s position as the "enter of 2orld "o++er"e,
finan"e and innovation1 Throu-h the Aartnership Cund for 7e2 8ork #ity, the Aartnership supports pro+isin-
78#-.ased entrepreneurs in .oth the for-profit and non-profit se"tors to "reate %o.s, spur ne2 .usiness and
e@pand opportunities for 7e2 8orkers to parti"ipate in the #ity,s e"ono+y1
-M4-
Press Contact>
4
i+.erly Spell
(3)3) >5M-*N)) kspellOpfny"1or-

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