David McCormick

PENNSYLVANIA SENATORS MCCORMICK AND FETTERMAN INTRODUCE BILL TO ACCELERATEU.S. MILITARY DRONE AND AUTONOMOUS SYSTEMS STRATEGY

Position: Senators McCormick and Fetterman introduced legislation requiring the Department of War to develop a comprehensive strategy for rapid deployment and integration of unmanned and autonomous systems across the Indo-Pacific and Western Hemisphere to maintain U.S. military superiority.

WASHINGTON – U.S. Senators Dave McCormick (R-PA) and John Fetterman today introduced the Unmanned Autonomous Systems Strategy Act, legislation requiring the U.S. Department of War to develop a comprehensive, all-domain strategy for the rapid deployment, integration, and scaling of unmanned and autonomous systems (UAS) across the Indo-Pacific and the Western Hemisphere. The bill will help the Department of War accelerate the fielding of large numbers of capable, low-cost, AI-enabled drones. These systems have already transformed warfare in the air, on the surface, and undersea. Getting this strategy right is essential to maintaining the military superiority and deterrence the U.S. has long relied on. "Unmanned and autonomous systems represent the most disruptive shift in military technology since precision-guided munitions and stealth," said Senator McCormick. "We’ve seen their impact in Ukraine and across the Middle East. The nation that can field affordable, scalable autonomous systems fastest will have a decisive military advantage. America cannot afford to fall behind.” “Unmanned and autonomous systems are part of our lives right now with no strategy for deploying them where they matter most,” said Senator Fetterman. “Pennsylvania’s defense industry builds some of the best of these systems and we should be putting them to work to keep Americans safe—and this bill does that.” Specifically, core requirements of the comprehensive strategy under the Unmanned Autonomous Systems Strategy Act would include: In the Indo-Pacific, China has already built the world’s largest navy and is rapidly expanding its drone capabilities while investing heavily in anti-access and area denial systems designed to keep U.S. forces out of the region. The United States must rapidly field affordable, expendable autonomous systems capable of persistent surveillance, undersea operations, and long-range strike missions. Closer to home, drug cartels and transnational criminal organizations increasingly exploit maritime and air corridors across the Caribbean, Eastern Pacific, and U.S. coastal waters. Unmanned aerial systems can provide persistent surveillance at a fraction of the cost of manned aircraft and ships, easing pressure on U.S. military and Coast Guard resources. The full bill text may be found here.

SENATORS MCCORMICK AND SCHATZ INTRODUCE BIPARTISAN LEGISLATION TO SUPPORT REDEVELOPMENT OF FORMER MILITARY INSTALLATIONS

Position: Senators McCormick and Schatz introduced bipartisan legislation to expand Qualified Opportunity Zone eligibility to census tracts containing former military installations closed under BRAC, allowing states to nominate these areas for QOZ designation without counting against the current cap, to encourage private investment and economic redevelopment in affected communities.

WASHINGTON – U.S. Senators Dave McCormick (R-PA) and Brian Schatz (D-HI) today introduced the bipartisan Increasing Opportunity for Reindustrialization Act, legislation to help communities redevelop former military installations by expanding eligibility for Qualified Opportunity Zone (QOZ) designation to include Base Realignment and Closure (BRAC) sites. Since 1988, the Department of War has conducted five rounds of BRAC, resulting in the closure or realignment of hundreds of military installations across the country. While many communities have worked to transition these properties to civilian use, former military installations often continue to face economic challenges, including job losses, declining tax revenues, and costly infrastructure needs. TheIncreasing Opportunity for Reindustrialization Act would create a new pathway for census tracts containing former military installations closed under BRAC authorities to be designated as Qualified Opportunity Zones. The legislation would allow states to nominate these areas for QOZ designation without counting them against the current cap on eligible Opportunity Zone tracts. “Former military installations have the potential to become engines of economic growth, manufacturing, and job creation,” said Senator McCormick. “This bipartisan legislation will give Pennsylvania communities the tools they need to attract private investment, support reindustrialization, and revitalize properties that have long served our national security interests.” “Former military installations face unique challenges in redevelopment, and our bill will help states attract investment and spur growth in these areas once again,” said Senator Schatz. BRAC sites often include substantial infrastructure, transportation access, and developable land that make them well-positioned to support advanced manufacturing, logistics, energy production, and other economic activity. Expanding Opportunity Zone eligibility to these areas would encourage long-term private investment and accelerate redevelopment efforts in communities impacted by base closures. The Increasing Opportunity for Reindustrialization Act is supported by the following stakeholders: “The Increasing Opportunity for Reindustrialization Act of 2026 represents a strategic investment in communities impacted by BRAC closures, creating new opportunities for economic growth, redevelopment, and long-term resilience in areas surrounding former and realigned military installations. We are encouraged by the opportunities this action could create for local communities and regional economic growth,” said Dr. Anette Nance, Executive Director, Pennsylvania Military Community Enhancement Commission. "We are grateful for the bipartisan leadership and foresight of Senator McCormick and Senator Schatz for introducing legislation that would extend Opportunity Zone eligibility to former military bases impacted by the Base Realignment and Closure (BRAC) program. As master developer of the Philadelphia Navy Yard, PIDC knows firsthand that when a base closes, thousands of jobs disappear overnight — and that rebuilding takes decades of sustained public investment before private capital can follow. We have made significant progress in redeveloping the site, but the most challenging sections of the Navy Yard still require the kind of long-term commitment that conventional financing struggles to support. Opportunity Zones can help fill a unique gap: by drawing equity capital from investors who would not otherwise engage with complex projects like former military bases, and connecting that capital to job creation, housing, and community reinvestment that transforms these sites for the long term. With the passage of this legislation, hundreds of former military communities that absorbed the economic devastation of base closures would benefit from similar investment and opportunity to rebuild and thrive,” said Jodie Harris, President, Philadelphia Industrial Development Corporation (PIDC). The Increasing Opportunity for Reindustrialization Act retains the requirement that states nominate BRAC locations for designation while ensuring these tracts do not count against the total number of Qualified Opportunity Zones currently allowed under law. The full text of the bill may be found here.

SENATOR MCCORMICK AND GALLEGO INTRODUCE BILL TO ADVANCE JOB OPPORTUNITIES IN TECH FOR VETERANS

Position: The senators support expanding the VA's VET TEC program to include training in emerging technologies such as artificial intelligence and semiconductor manufacturing, enabling veterans to access education and employment pathways in high-growth tech industries.

WASHINGTON – U.S. Senators Dave McCormick (R-PA) and Ruben Gallego (D-AZ) recently introduced the Improving Emerging Tech Opportunities for Veterans Act of 2026, bipartisan legislation aimed at helping veterans transition to civilian life by expanding career opportunities in emerging technologies through the U.S. Department of Veterans Affairs’ (VA) Veteran Employment Through Technology Education Courses (VET TEC) program. “While the transition back to civilian life isn’t always easy, I know firsthand as a veteran that our service men and women return as leaders, highly skilled and ready to contribute. It is our job to make sure the doors are open when they get home,” said Senator McCormick. “With over 200,000 service members leaving the military each year, the Improving Emerging Tech Opportunities for Veterans Act does exactly that by helping to connect veterans in Pennsylvania and across the country to job opportunities in high-growth tech industries where they can find stable employment, financial security and a renewed sense of purpose.” “Emerging technologies like semiconductor manufacturing are creating thousands of good-paying jobs and shaping the future of Arizona’s economy. This bill would make sure veterans can use the education benefits they earned to train for careers in these rapidly growing industries and help America stay the global leader in technological innovation,” said Senator Gallego. A successful transition from military to civilian life is more than finding a job. It helps provide long-term stability for veterans and their families while strengthening our workforce. The VET TEC program connects veterans with leading training providers to help them develop or advance in skills needed for high-tech industries. This bill would broaden the current program, adding training and employment pathways in emerging industries, like artificial intelligence and semiconductor manufacturing, so veterans are equipped with the skills needed to compete for high-demand jobs in our modern economy. Specifically, the Improving Emerging Tech Opportunities for Veterans Act of 2026 will: The following organizations and stakeholders have expressed support for the Improving Emerging Tech Opportunities for Veterans Act of 2026: “The VFW supports the Improving Emerging Tech Opportunities for Veterans Act, which will help veterans access education and training programs for high-demand careers in emerging technology fields such as artificial intelligence and semiconductor manufacturing. By requiring the Department of Veterans Affairs to collaborate with industry partners, expand visibility through the Transition Assistance Program, and implement an expedited course approval process, this legislation will better position veterans to succeed in the workforce of tomorrow,” said Veterans of Foreign Wars (VFW) National Legislative Service Associate Director Joe Grassi. “IAVA survey data has consistently shown that veterans are chronically underemployed compared to their level of expertise, abilities, and skillset,” said Dr. Kyleanne Hunter, Iraq and Afghanistan Veterans of America (IAVA) CEO. “We welcome the Senate introduction of the Improving Emerging Tech Options for Veterans Act of 2026, which will help bridge the gap between our veterans’ true capabilities and the high-skilled careers where we know they can excel.” Senator McCormick has introduced or cosponsored several additional bills in support of our veterans including: The full text of the Improving Emerging Tech Opportunities for Veterans Act of 2026 may be found here.

SENATOR MCCORMICK INTRODUCES LEGISLATION TO ADDRESS FEDERAL PERMITTING CHOKEPOINTS

Position: Senator McCormick advocates for streamlining federal environmental and infrastructure permitting processes by establishing clear timelines, modernizing approval procedures, and reducing litigation-driven delays to accelerate energy and infrastructure project development.

Bill targets four key chokepoints slowing infrastructure projects, driving up costs, and blocking American energy from reaching global markets WASHINGTON – U.S. Senator Dave McCormick (R-PA) today introduced the Unlock American Energy and Jobs Act, legislation designed to streamline the federal permitting process and bring greater certainty to the approval of energy infrastructure projects. More than $1 trillion in critical infrastructure projects are currently tied up in federal permitting, representing an estimated $2.4 trillion in unrealized economic activity and thousands of jobs. At a time of rising electricity demand and growing global competition, the bill establishes clear timelines, modernizes approval processes, removes unnecessary barriers, and reduces litigation-driven delays that have made it increasingly difficult to build in the United States. "Pennsylvania has the workers, resources, and infrastructure to power this region and the country for decades," said Senator McCormick. " What we’re missing is a federal permitting system with clear rules and predictable timelines. For Pennsylvania's energy workforce and building trades, this bill is long overdue. It’s time we reform our current system and get America building again.” Today, more than 650 projects are currently listed on the federal Permitting Dashboard. Construction costs run 24 to 30 percent higher when projects are held up. But the impact goes beyond delayed projects. According to an industry report, nearly 51 percent of manufacturers say permitting uncertainty discourages them from investing in new or expanded U.S. capacity, while nearly 66 percent say they would invest more if the process were faster and more predictable. The permitting system is not just slowing projects down, it is preventing a significant share of investment from being proposed in the first place. The Unlock American Energy and Jobs Act targets four specific chokepoints: “The solution to our affordability crisis and the global race for AI is the expansion of infrastructure, which can be unlocked through permitting reforms that support the efficient buildout of pipelines to deliver reliable American energy where it is needed. Senator McCormick’s bill is an important step toward unleashing Pennsylvania’s energy resources to lower costs for Americans and support growing energy demand. We appreciate the Senator’s leadership and look forward to working with him and other Members of Congress to build on his proposal and enact strong permitting reforms,” said Williams President and CEO Chad Zamarin. “For years, we have advocated for commonsense reforms that bring greater certainty, transparency and timeliness to the permitting process while maintaining strong environmental standards. Senator McCormick’s legislation is an important step forward. By advancing practical, high-level solutions – from improving NEPA timelines and judicial review to modernizing Clean Water Act implementation and streamlining LNG export approvals – it demonstrates how comprehensive permitting reform can unlock critical infrastructure development, strengthen energy reliability and help keep energy affordable for American families and businesses. We appreciate the Senator's leadership and look forward to working with him and others in Congress to turn these reforms into meaningful progress for Pennsylvania and the nation,” said Toby Z. Rice, President & CEO, EQT. “With thoughtful permitting reform, we can deliver reliable, affordable energy from resource-rich regions like Pennsylvania to the markets that need it most, supporting families, strengthening our local economies, and doing what Americans do best, innovate and create,” said Dennis Degner, CEO & President, Range Resources. “The Pennsylvania state building trades are very appreciative of Senator McCormick taking the lead on permitting at the federal level. For far too long, this cumbersome process has held up or prevented critical infrastructure and energy projects that Pennsylvania needs to grow our economy. We look forward to his legislation passing both chambers and we look forward to working with the senator to build out Pennsylvania,”said Rob Bair, President, Pennsylvania State Building and Construction Trades. “Pennsylvania Steamfitters are ready to build, but too many projects are stuck in permitting delays,”said Jim Snell, Steamfitters Local 420. “Senator McCormick’s bill helps keep Pennsylvania competitive and unlocks potential to build critical energy infrastructure.” “On behalf of the Southeast Pennsylvania Building Trades, I want to thank Senator Dave McCormick for leading on this issue,” said Ryan N. Boyer, President of Laborers' District Council of Philadelphia. “Our members are ready to build, but too many critical projects are tied up in permitting delays. This commonsense legislation will help create good-paying union jobs, strengthen our economy, and keep Pennsylvania on the rise.” "Permitting reform is essential to America’s manufacturing competitiveness—and today’s broken system is costing manufacturers more than $8 billion each year. We are grateful for Sen. McCormick’s leadership in introducing the Unlock American Energy and Jobs Act. Modernizing the Clean Water Act, reforming judicial review under NEPA for all projects, ensuring durable support for U.S. LNG exports and bringing new nuclear power online are all critical steps toward a policy framework that will drive investment, power growth and keep manufacturing strong in America for decades to come,” said Jay Timmons, President and CEO, National Association of Manufacturers. “We appreciate Senator McCormick’s leadership in advancing a serious conversation on permitting reform at a critical moment for American energy. This legislation reflects a growing recognition that modernizing NEPA, the Clean Water Act, and judicial review are essential to building the infrastructure needed to deliver affordable, reliable energy. We’ll continue working with him and Congress to advance durable, commonsense reforms that strengthen U.S. competitiveness and energy security,” said API SVP of Federal Government Affairs Kristin Whitman. “Pennsylvania sits atop one of the largest energy reserves in the world with enough natural gas resources under our feet to power the Commonwealth and the nation. But the economic potential of this resource can only be realized if government moves at the speed of business. We are extremely grateful for Senator McCormick’s continued leadership to unleash Pennsylvania's energy resources and the economic and national security benefits that come with it. The permit reforms put forth by Senator McCormick will provide meaningful changes allowing us to efficiently utilize our vast and reliable energy reserves and help secure our shared goal of energy dominance,” said Jim Welty, President of the Marcellus Shale Coalition. “INGAA appreciates Senator McCormick’s leadership in advancing the conversation on improving the efficiency and predictability of federal permitting. The proposal reflects constructive concepts – particularly on Clean Water Act clarity, general permitting, and timely decision-making – that align with long-standing priorities for natural gas pipeline infrastructure. We view this proposal as a helpful contribution to the broader permitting reform dialogue and look forward to continuing to work with policymakers and stakeholders to advance practical, durable solutions,”said Amy Andryszak, President and CEO, Interstate Natural Gas Association of America (INGAA). “Permitting reform is essential to building the energy infrastructure needed to power America’s economic growth and compete in the AI race. We applaud Senator Dave McCormick for his leadership on this issue of critical importance to Pennsylvania and the nation. As the nation’s largest producer of around-the-clock, emissions-free energy, we also appreciate the bill’s recognition of the important role that nuclear power plays in delivering reliable, affordable, and clean electricity,”said David C. Brown, Senior Vice President, Federal Government Affairs & Public Policy, Constellation. "The Center for LNG (CLNG) supports the Unlock American Energy and Jobs Act of 2026. The bill includes important provisions to improve the permitting process for U.S. LNG facilities and bring additional supply to market faster. The U.S. LNG industry supports thousands of good-paying jobs right here in the United States; generates millions in tax revenue for federal, state, and local governments; grows our domestic supply; reduces global greenhouse gas emissions; and supplies our allies and trading partners with a reliable, clean, and safe source of energy. This bill would provide greater certainty for project developers, natural gas producers, local communities, and our allies and trading partners around the world. CLNG urges support for the Unlock American Energy and Jobs Act of 2026," said Charlie Riedl, Executive Director at the Center for LNG.

SENATORS MCCORMICK, GILLIBRAND INTRODUCE LEGISLATION TO STRENGTHEN PREDICTION MARKETS AND PROTECT EVERYDAY INVESTORS

Position: Senators McCormick and Gillibrand support establishing a comprehensive federal regulatory framework for prediction markets that ensures transparency, consumer protection, and prevents insider trading while allowing responsible industry growth and U.S. competitiveness.

Bill establishes clear rules of the road for event contracts while keeping the United States at the forefront of financial innovation WASHINGTON – Senator Dave McCormick (R-PA) and Senator Kirsten Gillibrand (D-NY) today introduced the Prediction Market Act of 2026, legislation to establish a comprehensive regulatory framework for prediction markets, ensuring these powerful financial tools operate with transparency, integrity, and strong protections for everyday Americans. Prediction markets have emerged as some of the most accurate forecasting tools available, turning collective knowledge into real-time signals about future political, economic, and other outcomes. Beyond forecasting, these markets provide real economic value, allowing agriculture producers to manage weather conditions, investors to hedge portfolio risk, and small businesses to protect themselves against sudden cost increases. With proper guidelines in place, the United States can lead the responsible development of this growing industry rather than allow regulatory uncertainty to push it offshore. "Prediction markets are already changing how Americans understand and manage risk," said Senator McCormick. “This legislation gives these markets the clear rules they need to grow responsibly, protects everyday investors who are participating in them, and ensures the United States remains the global leader in financial innovation." "Elected officials should be working for the people they represent — not lining their own pockets with insider information. Americans deserve financial markets that are fair, transparent, and not tilted in favor of those with privileged access," said Senator Gillibrand. "This commonsense, bipartisan bill puts strong guardrails in place to protect consumers, prevent insider trading, and hold prediction market platforms to standards of integrity.” The legislation takes several concrete steps to modernize the regulatory framework for event contracts and prediction markets. These steps include: Prediction markets operating under CFTC oversight are already subject to rules protecting against fraud and manipulation. However, the rapid growth of retail participation in these markets has outpaced the existing legal framework, creating potential gaps in consumer protection and regulatory clarity. This legislation addresses those gaps while preserving the innovation and discovery potential that make prediction markets valuable to the public. Read the bill's section by section here.

Senators McCormick, Smith, Tillis, and Gallego Introduce Bipartisan Legislation to Extend the Terrorism Risk Insurance Program for Seven Years

Position: The senators support reauthorization of the Terrorism Risk Insurance Program (TRIA) for seven years to maintain federal reinsurance backstop for terrorism risk coverage in commercial insurance markets, ensuring business continuity and economic stability.

WASHINGTON – U.S. Senators Dave McCormick (R-PA), Tina Smith (D-MN), Thom Tillis (R-NC), and Ruben Gallego (D-AZ) today introduced the bipartisan Terrorism Risk Insurance Program Reauthorization Act of 2026, which is essential to economic security by safeguarding the availability of terrorism risk coverage. This legislation is also cosponsored by Chairman Scott (R-SC), Senators Banks (R-IN), Britt (R-AL), Crapo (R-ID), Hagerty (R-TN), Kennedy (R-LA), Lummis (R-WY), Moreno (R-OH), Ricketts (R-NE), Rounds (R-SD), Kim (D-NJ), Van Hollen (D-MD), Cortez Masto (D-NV), Cramer (R-ND), Alsobrooks (D-MD), Schumer (D-NY), Warner (D-VA), Warnock (D-GA), and Blunt-Rochester (D-DE). Following the attacks on September 11, 2001, most states began allowing terrorism risk to be excluded from commercial insurance policies, leaving businesses and industries without access to coverage. Since insurance is a precondition for commercial lending and real estate transactions, this gap in coverage threatened broad economic damage across real estate, construction, energy, transportation, and related industries. Congress responded by passing the Terrorism Risk Insurance Act of 2002 (TRIA), creating a federal reinsurance backstop to stabilize the private market and ensure that commercial policyholders could continue to obtain terrorism risk coverage. The private insurance market has relied on the TRIA backstop ever since. When TRIA briefly lapsed in December 2014, terrorism exclusions that insurers had pre-filed with state regulators took effect automatically, making terrorism coverage effectively unavailable across commercial policies nationwide. As a result, terrorism risk coverage was removed from policyholders immediately and without notice. Given that the current threat landscape remains elevated, allowing a similar lapse in terrorism coverage would expose policy holders to unnecessary financial risk and uncertainty. “State sponsors of terror pose a persistent threat to the United States, and we must be prepared,” said Senator McCormick. “Reauthorizing TRIA ensures businesses and workers in Pennsylvania will be supported in the event of a terror attack.” “The Terrorism Risk Insurance Program is critical to keeping insurance available and affordable to businesses in Minnesota and across the country so they can grow and create jobs,” said Senator Smith. “Without this bill, a potential terrorism event would mean a financial catastrophe for many businesses and would be extremely costly to taxpayers. I’ve worked to make sure this bipartisan measure stays in place since I came to the Senate, and I’m glad to be introducing my TRIA bill again to ensure this vital program doesn’t lapse.” “Americans deserve the peace of mind that comes from knowing their businesses, jobs, and communities are protected in times of crisis. Reauthorizing TRIA will provide certainty for employers, support economic growth, and help keep coverage available and affordable. I’m proud to join Senator McCormick on this common-sense, bipartisan legislation,” said Chairman Scott. “We have to make sure we’re prepared for the worst,” said Senator Gallego. “I’m proud to co-lead the bipartisan reauthorization of the Terrorism Risk Insurance Act. This long-term reauthorization will ensure Arizona businesses can invest in their assets and create jobs with confidence and that they have the resources they need to recover in the event of a major terrorist attack.” “Reauthorizing the Terrorism Risk Insurance Program is essential to ensuring businesses have the certainty they need to operate and invest with confidence,” said Senator Tillis.“This longstanding public-private partnership has helped safeguard our economy for more than two decades, and extending it will prevent disruption while ensuring we remain prepared for evolving threats.”“In this dangerous moment when America faces growing threats from around the world, our communities need to know that their property is insured in the event of a major terror attack. Renewing TRIA with bipartisan support is an essential precautionary step we must take to ensure Americans have access to insurance and avoid economic peril by allowing them to recover and rebuild in the wake of an unimaginable tragedy,” said Senator Van Hollen. “For more than two decades, Congress has recognized the need for the Terrorism Risk Insurance Program. While making sure American businesses have access to this protection is an unfortunate necessity in today’s world, it’s critical that Congress extend the program,”said Senator Britt. “From the Super Bowl to the World Series of Poker to F1 races, the Silver State regularly hosts large gatherings,” said Senator Cortez Masto. “While these events are critically important to Nevada’s tourism industry, they also create unique risks. Extending the Terrorism Risk Insurance program would help Nevada’s economy recover should a debilitating terrorist attack occur and ensures the continued availability of terrorism insurance for our businesses.” “Lack of insurance coverage had a destabilizing effect on the U.S. economy in the wake of the September 11, 2001, terrorist attacks.  TRIA has made coverage for terrorism risk insurance more available and affordable in Idaho and across the nation.  This reauthorization ensures continued private-sector responsibility and safeguards our economy against potential future threats,” said Senator Crapo. “It is critical for the national and financial security of our nation that Congress pass the Terrorism Risk Insurance Act of 2026 – let’s act before this policy lapses to provide certainty for businesses,” said Senator Alsobrooks. “In the wake of the September 11th attacks, Congress created the Terrorism Risk Insurance Program to support Americans during crises. As America continues to deal with heightened terrorism threats, this program remains as relevant as ever. I’m proud to join my colleagues in introducing a bill to get ahead of the Terrorism Risk Insurance Act’s expiration date, pass an extension and prevent any lapse in coverage,” said Sen. John Kennedy. “Congress cannot let local communities foot the bill for possible terrorist attacks,” said Senator Moreno. “It is critical that we protect American jobs and ensure that businesses across the country have the tools they need to respond to and recover from these catastrophic events.” “After the horrendous September 11th attacks, we learned that failing to insure against losses from terrorism doesn’t just threaten individual businesses, it also undermines our entire economy. I am proud to have helped pass the original Terrorism Risk Insurance Act, which has been critical to safeguarding our real estate, construction, energy, transportation, and other vital industries against losses due to terrorist attacks,” said Leader Schumer. “Reauthorizing this program for seven years is common sense to provide certainty, stability, and protection for jobs, businesses, and our economy in the face of evolving threats.” “The Terrorism Risk Insurance Act will provide certainty for insurers, businesses, and large community events that bring Nebraskans together,” said Senator Ricketts.  “We must reauthorize this program and ensure we are protected and prepared for any potential future threat.  I encourage my colleagues to quickly send TRIA Reauthorization to the President’s desk.” “The threat of terror attacks doesn’t just impact lives, it impacts livelihoods. New Jerseyans saw that in the aftermath of 9/11, and we know that in the same way it’s important to invest in efforts to protect our country, it’s important that we reauthorize the Terrorism Risk Insurance Program,” said Senator Kim. “The September 11th attacks highlighted a severe gap in coverage for businesses caught in the aftereffects of terrorist activity,” said Senator Cramer. “The Terrorism Risk Insurance Program is essential to maintain stability when malign disruptions occur. This reauthorization extends the program for another seven years, preventing any lapse in coverage.” “We know what happens when terrorism risk goes uninsured – the market freezes, projects stall, and the ripple effects hit workers and communities across the country,” said Senator Warner. “TRIA makes sure that businesses can continue building, investing, and creating jobs. It’s an important public-private partnership that gives lenders and developers the certainty they need to keep capital flowing and investments moving. Congress should get this done and provide the stability that the market depends on to move forward.” “If tragedy strikes, our communities cannot afford economic disruption on top of it. TRIA must be extended to ensure businesses can access affordable terrorism insurance and keep our economy resilient in the face of evolving threats,” said Senator Blunt-Rochester. "The Terrorism Risk Insurance Program has been a critical backstop for American businesses and communities since the devastating economic fallout of September 11th, and Congress cannot allow that protection to lapse,” said Senator Lummis. “Wyoming deserves the certainty this program provides, and I am proud to join my colleagues in reauthorizing TRIA to keep our businesses, our economy, and our communities protected against any threat.” The Terrorism Risk Insurance Program Reauthorization Act of 20 26 would extend TRIA by seven years. Acting before the program expiration date of December 31, 2027, provides long-term market certainty and would prevent policyholders from facing a gap in coverage. The Terrorism Risk Insurance Program Reauthorization Act of 2026 would extend TRIA by seven years. Acting before the program expiration date of December 31, 2027, provides long-term market certainty and would prevent policyholders from facing a gap in coverage. The Terrorism Risk Insurance Act is also backed by the following stakeholders: Aerospace Industries Association, American Association of Port Authorities, American Bankers Association, American Council on Education, American Council of Engineering Companies, American Gaming Association, American Hotel and Lodging Association, American Land Title Association, American Property Casualty Insurance Association, American Public Gas Association, American Public Power Association, American Resort Development Association, American Society of Association Executives, Associated General Contractors of America, Association of American Railroads, Association of Art Museum Directors, Bank Policy Institute, Building Owners and Managers Association International, Commercial Real Estate Finance Council (CRE Finance Council), Community Associations Institute, Council of Insurance Agents and Brokers, Edison Electric Institute, Food Marketing Institute, Independent Insurance Agents & Brokers of America, Innovating Commerce Serving Communities, Institute of Real Estate Management, International Franchise Association, International Safety Equipment Association, Long Island Import Export Association, Mortgage Bankers Association, NAIOP, Nareit, National Apartment Association, National Association for Stock Car Auto Racing (NASCAR), National Association of Chain Drug Stores, National Association of College and University Business Officers (NACUBO), National Association of Home Builders, National Association of Mutual Insurance Companies, National Association of REALTORS, National Association of Waterfront Employers, National Council of Chain Restaurants, National Electrical Contractors Association, National Football League, National Hockey League, National Multifamily Housing Council, National Restaurant Association, National Retail Federation, National Roofing Contractors Association, National Rural Electric Cooperative Association, New England Council, Office of the Commissioner of Baseball, Partnership for NYC, Public Utilities Risk Management Association, The Real Estate Board of New York, The Real Estate Roundtable, Reinsurance Association of America, Taxicab, Limousine & Paratransit Association, University Risk Management and Insurance Association, U.S. Chamber of Commerce, U.S. Travel Association.

SENATORS MCCORMICK, SMITH, TILLIS, AND GALLEGO INTRODUCE BIPARTISAN LEGISLATION TO EXTEND THE TERRORISM RISK INSURANCE PROGRAM FOR SEVEN YEARS

Position: The senators support extending the Terrorism Risk Insurance Program (TRIA) for seven years to maintain federal reinsurance backing for terrorism coverage in commercial insurance markets, which they argue is essential for economic stability and business continuity.

WASHINGTON – U.S. Senators Dave McCormick (R-PA), Tina Smith (D-MN), Thom Tillis (R-NC), and Ruben Gallego (D-AZ) today introduced the bipartisan Terrorism Risk Insurance Program Reauthorization Act of 2026, which is essential to economic security by safeguarding the availability of terrorism risk coverage. This legislation is also cosponsored by Chairman Scott (R-SC), Senators Banks (R-IN), Britt (R-AL), Crapo (R-ID), Hagerty (R-TN), Kennedy (R-LA), Lummis (R-WY), Moreno (R-OH), Ricketts (R-NE), Rounds (R-SD), Kim (D-NJ), Van Hollen (D-MD), Cortez Masto (D-NV), Cramer (R-ND), Alsobrooks (D-MD), Schumer (D-NY), Warner (D-VA), Warnock (D-GA), and Blunt-Rochester (D-DE). Following the attacks on September 11, 2001, most states began allowing terrorism risk to be excluded from commercial insurance policies, leaving businesses and industries without access to coverage. Since insurance is a precondition for commercial lending and real estate transactions, this gap in coverage threatened broad economic damage across real estate, construction, energy, transportation, and related industries. Congress responded by passing the Terrorism Risk Insurance Act of 2002 (TRIA), creating a federal reinsurance backstop to stabilize the private market and ensure that commercial policyholders could continue to obtain terrorism risk coverage. The private insurance market has relied on the TRIA backstop ever since. When TRIA briefly lapsed in December 2014, terrorism exclusions that insurers had pre-filed with state regulators took effect automatically, making terrorism coverage effectively unavailable across commercial policies nationwide. As a result, terrorism risk coverage was removed from policyholders immediately and without notice. Given that the current threat landscape remains elevated, allowing a similar lapse in terrorism coverage would expose policy holders to unnecessary financial risk and uncertainty. “State sponsors of terror pose a persistent threat to the United States, and we must be prepared,” said Senator McCormick. “Reauthorizing TRIA ensures businesses and workers in Pennsylvania will be supported in the event of a terror attack.” “The Terrorism Risk Insurance Program is critical to keeping insurance available and affordable to businesses in Minnesota and across the country so they can grow and create jobs,” said Senator Smith. “Without this bill, a potential terrorism event would mean a financial catastrophe for many businesses and would be extremely costly to taxpayers. I’ve worked to make sure this bipartisan measure stays in place since I came to the Senate, and I’m glad to be introducing my TRIA bill again to ensure this vital program doesn’t lapse.” “Americans deserve the peace of mind that comes from knowing their businesses, jobs, and communities are protected in times of crisis. Reauthorizing TRIA will provide certainty for employers, support economic growth, and help keep coverage available and affordable. I’m proud to join Senator McCormick on this common-sense, bipartisan legislation,” said Chairman Scott. “We have to make sure we’re prepared for the worst,”said Senator Gallego. “I’m proud to co-lead the bipartisan reauthorization of the Terrorism Risk Insurance Act. This long-term reauthorization will ensure Arizona businesses can invest in their assets and create jobs with confidence and that they have the resources they need to recover in the event of a major terrorist attack.” “Reauthorizing the Terrorism Risk Insurance Program is essential to ensuring businesses have the certainty they need to operate and invest with confidence,”said Senator Tillis.“This longstanding public-private partnership has helped safeguard our economy for more than two decades, and extending it will prevent disruption while ensuring we remain prepared for evolving threats.”“In this dangerous moment when America faces growing threats from around the world, our communities need to know that their property is insured in the event of a major terror attack. Renewing TRIA with bipartisan support is an essential precautionary step we must take to ensure Americans have access to insurance and avoid economic peril by allowing them to recover and rebuild in the wake of an unimaginable tragedy,” said Senator Van Hollen. “For more than two decades, Congress has recognized the need for the Terrorism Risk Insurance Program. While making sure American businesses have access to this protection is an unfortunate necessity in today’s world, it’s critical that Congress extend the program,”said Senator Britt. “From the Super Bowl to the World Series of Poker to F1 races, the Silver State regularly hosts large gatherings,” said Senator Cortez Masto. “While these events are critically important to Nevada’s tourism industry, they also create unique risks. Extending the Terrorism Risk Insurance program would help Nevada’s economy recover should a debilitating terrorist attack occur and ensures the continued availability of terrorism insurance for our businesses.” “Lack of insurance coverage had a destabilizing effect on the U.S. economy in the wake of the September 11, 2001, terrorist attacks. TRIA has made coverage for terrorism risk insurance more available and affordable in Idaho and across the nation. This reauthorization ensures continued private-sector responsibility and safeguards our economy against potential future threats,” said Senator Crapo.  “It is critical for the national and financial security of our nation that Congress pass the Terrorism Risk Insurance Act of 2026 – let’s act before this policy lapses to provide certainty for businesses,” said Senator Alsobrooks. “In the wake of the September 11th attacks, Congress created the Terrorism Risk Insurance Program to support Americans during crises. As America continues to deal with heightened terrorism threats, this program remains as relevant as ever. I’m proud to join my colleagues in introducing a bill to get ahead of the Terrorism Risk Insurance Act’s expiration date, pass an extension and prevent any lapse in coverage,” said Sen. John Kennedy. “Congress cannot let local communities foot the bill for possible terrorist attacks,” said Senator Moreno. “It is critical that we protect American jobs and ensure that businesses across the country have the tools they need to respond to and recover from these catastrophic events.” “After the horrendous September 11th attacks, we learned that failing to insure against losses from terrorism doesn’t just threaten individual businesses, it also undermines our entire economy. I am proud to have helped pass the original Terrorism Risk Insurance Act, which has been critical to safeguarding our real estate, construction, energy, transportation, and other vital industries against losses due to terrorist attacks,” said Leader Schumer. “Reauthorizing this program for seven years is common sense to provide certainty, stability, and protection for jobs, businesses, and our economy in the face of evolving threats.” “The Terrorism Risk Insurance Act will provide certainty for insurers, businesses, and large community events that bring Nebraskans together,” said Senator Ricketts.  “We must reauthorize this program and ensure we are protected and prepared for any potential future threat.  I encourage my colleagues to quickly send TRIA Reauthorization to the President’s desk.” “The threat of terror attacks doesn’t just impact lives, it impacts livelihoods. New Jerseyans saw that in the aftermath of 9/11, and we know that in the same way it’s important to invest in efforts to protect our country, it’s important that we reauthorize the Terrorism Risk Insurance Program,” said Senator Kim. “The September 11th attacks highlighted a severe gap in coverage for businesses caught in the aftereffects of terrorist activity,” said Senator Cramer. “The Terrorism Risk Insurance Program is essential to maintain stability when malign disruptions occur. This reauthorization extends the program for another seven years, preventing any lapse in coverage.” “We know what happens when terrorism risk goes uninsured – the market freezes, projects stall, and the ripple effects hit workers and communities across the country,”said Senator Warner. “TRIA makes sure that businesses can continue building, investing, and creating jobs. It’s an important public-private partnership that gives lenders and developers the certainty they need to keep capital flowing and investments moving. Congress should get this done and provide the stability that the market depends on to move forward.” “If tragedy strikes, our communities cannot afford economic disruption on top of it. TRIA must be extended to ensure businesses can access affordable terrorism insurance and keep our economy resilient in the face of evolving threats,”said Senator Blunt-Rochester. "The Terrorism Risk Insurance Program has been a critical backstop for American businesses and communities since the devastating economic fallout of September 11th, and Congress cannot allow that protection to lapse,” said Senator Lummis. “Wyoming deserves the certainty this program provides, and I am proud to join my colleagues in reauthorizing TRIA to keep our businesses, our economy, and our communities protected against any threat.” The Terrorism Risk Insurance Program Reauthorization Act of 2026 would extend TRIA by seven years. Acting before the program expiration date of December 31, 2027, provides long-term market certainty and would prevent policyholders from facing a gap in coverage. The Terrorism Risk Insurance Act is also backed by the following stakeholders:

Energy Department Preserves Nearly $5 Billion for Hydrogen Hubs, Including Two Hubs Critical to Pennsylvania

Position: Senator McCormick supports federal funding preservation for hydrogen hubs in Pennsylvania, citing job creation and energy leadership benefits.

WASHINGTON – The U.S. Department of Energy (DOE) has announced it will preserve nearly $5 billion in funding for five hydrogen hubs across the country, including two with significant Pennsylvania partnerships — the Mid-Atlantic Clean Hydrogen Hub (MACH2) and the Appalachian Regional Clean Hydrogen Hub (ARCH2). This decision confirms awards for five hubs following a broader DOE review of more than 2,200 energy projects. “I am proud to have fought for this funding and to see it preserved,” said Senator Dave McCormick. “These two hydrogen hubs are expected to create 41,000 jobs, putting skilled building trades workers such as pipefitters, electricians, carpenters, and welders to work constructing the infrastructure for these new projects. This is a win for Pennsylvania workers, our economy, and our energy future. Pennsylvania has always been an energy leader, and these hubs ensure we remain at the forefront of what comes next.” In response to Senator McCormick’s question about funding for the hydrogen hubs during the Senate Energy and Natural Resources Committee hearing today, U.S. Secretary of Energy Chris Wright said “We are absolutely funding these in phases and will be working with those various contracting groups to see their progress and is it continuing on a pathway to get to a good result.” A hydrogen hub is a regional network connecting the producers, distributors, and users of hydrogen energy. Clean hydrogen can be produced from a range of domestic sources, including nuclear power, renewables, and fossil fuels with carbon capture making it one of the most versatile tools available for reducing emissions in heavy industry and long-haul transportation. MACH2, serving Pennsylvania, Delaware, and New Jersey, is expected to create over 20,000 jobs. ARCH2, serving Pennsylvania, Ohio, and West Virginia, is expected to create more than 21,000 jobs. These hubs build on Pennsylvania’s long history as an American energy leader, reinforcing an all-of-the-above energy strategy while driving innovation and deployment in a region where both population and power demand continue to grow. "MACH2 is deeply grateful to Senator McCormick for his unwavering commitment to the Pennsylvania hydrogen hubs and the hydrogen industry. His leadership has been critical in preserving this funding and sets the path for PA to continue its long history as a pioneer in American energy and industrial dominance," says Manny Citron, COO of MACH2. “ARCH2 is pleased to receive notification from the U.S. Department of Energy this week to continue moving forward with our hydrogen hub. This milestone, made possible through the support of our Pennsylvania, West Virginia, and Ohio Congressional delegations, especially Senators McCormick and Capito, affirms our shared commitment to advancing regional development and economic growth in Appalachia,” said Shawn Bennett, spokesperson for ARCH2. “I appreciate the hard work of Senator Dave McCormick on making sure that we saved the hydrogen hub jobs for working people. These jobs are not only good for the country, but they create a lot of construction jobs for various building trades unions and anything that creates jobs – we are in favor of. We appreciate the hard work of Senator Dave McCormick on always thinking about working people and looking out for the jobs of the workers we represent,” said Ken Broadbent, Business Manager for Steamfitters Local 449 in Pittsburgh, PA. "We are incredibly grateful for Senator McCormick’s steadfast leadership and his proactive engagement with the Department of Energy to preserve these vital hydrogen hubs. His personal advocacy comes at a critical moment, ensuring that Southwestern Pennsylvania remains at the forefront of the national energy dominance agenda,” said Stefani Pashman, CEO, Allegheny Conference on Community Development. “The Allegheny Conference has worked diligently to build the regional case and mobilize our industrial partners, and this victory validates our collective efforts to activate strategic assets that will stimulate our economy. Production of hydrogen has enormous upstream and downstream opportunities. Together, we are securing a future that leverages our natural gas infrastructure to create tens of thousands of jobs and positions our Commonwealth as a leader in the global energy transition." “The Pennsylvania State Building and Construction Trades would like to thank Senator McCormick for his perseverance on the construction of the two hydrogen hubs in Pennsylvania. These projects are critical in helping achieve energy independence while creating over 40,000 jobs, many of which will be members of the building trades. The Senator has committed to building energy projects and this announcement reaffirms his commitment to build in Pennsylvania and to reach energy independence,” said Rob Bair, President, PA State Building and Construction Trades. “Senator McCormick’s commitment to preserving these two hydrogen hubs is a direct investment in Pennsylvania workers. These projects are expected to generate more than 40,000 jobs, with thousands of them in the building trades, while reinforcing Pennsylvania as a national leader in energy production. Our members appreciate Senator McCormick’s leadership and support because when America’s infrastructure needs things built, our skilled workers show up to get the job done,” said Jim Snell, Business Manager, Steamfitters Local 420.

SENATORS MCCORMICK, CORTEZ MASTO PUSH TO PROTECT FIRST RESPONDERS AND ROADSIDE WORKERS

WASHINGTON, DC – U.S. Senators Dave McCormick (R-Pa.) and Catherine Cortez Masto (D-Nev.) recently introduced the bipartisan Safe Roads for Those Who Serve Act to protect first responders and roadside workers as they do their jobs on roads and highways. This legislation would enhance strategies to help reduce the risk of injury or death faced by law enforcement officers, emergency medical services, fire and rescue services, tow truck drivers, construction workers, and other roadside workers. Nationwide, since 2020, more than 500 roadside workers have been killed doing their jobs on the side of the road. Many were tow truck operators, construction workers, and law enforcement officers. Pennsylvania Department of Transportation data reveals more than1,250 work zone crashes occurred in 2024, resulting in 22 deaths that included both workers and drivers. Additionally, 45 percent of Pennsylvania work zone crashes in 2024 contained fatalities or injuries. “Every day in Pennsylvania and across the country, law enforcement officers, EMS crews, and roadside workers put themselves in harm’s way—often just feet from speeding traffic—to keep the rest of us safe,” said Senator McCormick. “This bipartisan effort will improve data collection, strengthen public awareness, and prioritize safety in infrastructure projects from the start—helping protect those who protect us.” “Over the past fifty years, America has worked to make roads safer for drivers and pedestrians, but we still have work to do to protect those whose jobs regularly put them on the side of the road,” said Senator Cortez Masto. “First responders and roadside workers risk death or injury every single day while responding to an emergency or maintaining our roads. I’m proud to lead this bipartisan effort to help keep them safe.” In order to protect first responders and roadside workers, the Safe Roads for Those Who Serve Act would: · Require states to improve data collection and analysis of highway worker injuries and fatalities and create a highway worker safety plan if the total number of injuries and fatalities increases over a 2-year period; · Create a new Public Awareness Campaign to fully reflect the dangers all roadside workers face along our roadways and how the public can help protect them; · Continue research and outreach efforts to enhance the safety of highway workers; and · Require major infrastructure grant applicants to include protections expected to aid roadside workers and driving public safety during and after construction in their grant application. The Safe Roads for Those Who Serve Act is supported by the Towing and Recovery Association of America (TRAA), the Association of General Contractors, the National Safety Council, the American Automobile Association (AAA), the National Association of State EMS Officials, the National Waste and Recycling Association, American Traffic Safety Services, the Major County Sheriffs of America, the American Society of Civil Engineers, and the Modern Analytics for Roadway Safety (MARS) Coalition. “Towing and recovery professionals put their lives on the line every day to help motorists, protect first responders, and keep commerce flowing,” said Towing and Recovery Association of America (TRAA) Executive Director Bruce Bender. “Despite the fact that, on average, statistics show we lose a tower every seven days, the risk to the lives of these dedicated professionals is often overlooked. Slow Down, Move Over laws need to be promoted and publicized because they are proven to save lives. We are deeply grateful that Senators McCormick and Cortez-Masto have introduced the Safe Roads for Those Who Serve Act and have expressly included towing truck operators in promotion of the initiatives that protect them. TRAA proudly supports this legislation."

SENATORS MCCORMICK, FETTERMAN RELEASE JOINT STATEMENT ON ANTISEMITISM INVESTIGATION

ALLENTOWN, PA – Today, following Judge Gerald J. Pappert’s ruling that approves the administration’s effort to obtain information on Penn Jewish faculty as part of an Equal Employment Opportunity Commission subpoena, U.S. Senators Dave McCormick (R-PA) and John Fetterman (D-PA) released the following joint statement: “No student or faculty member should face illegal discrimination based on race, gender, religion, or national origin. We have long spoken out against the despicable treatment Jewish students and faculty have faced since October 7, including on University of Pennsylvania's campus. We fully support the EEOC investigations into Title VII discrimination.” “Both our offices will continue to monitor how this case plays out in the courts. Both our priorities are ensuring privacy protections are upheld and perpetrators of illegal discrimination are brought to justice.”