House Committee Advances TRIA Reauthorization — What REALTORS® Need to Know

Late last month, the U.S. House Financial Services Committee took bipartisan action on a key insurance and commercial real estate measure — H.R. 7128, the TRIA Program Reauthorization Act of 2026. Terrorism insurance plays a vital role in real estate financing: without a reliable backstop, insurers might pull back coverage, making it harder and more expensive for commercial properties to secure loans or close deals. Reauthorizing TRIA before its current expiration helps preserve market stability, protect investment, and ensure continued economic confidence in commercial real estate markets.

The Terrorism Risk Insurance Act (TRIA) is a federal backstop established after the September 11, 2001 terrorist attacks to ensure terrorism insurance remains available and affordable for commercial property and casualty coverage. Commerce and insurance markets historically pulled back from offering such coverage after major losses in 2001, making federal involvement necessary to stabilize risk markets and protect lenders and property owners. 

The bill now moves to the full House of Representatives for consideration.

LEARN MORE