The U.S. House of Representatives voted 373–15 this week to pass the TRIA Program Reauthorization Act of 2026, which would extend the Terrorism Risk Insurance Act (TRIA) for seven years, through 2034.
Ahead of the vote, the National Association of REALTORS® sent a letterpdf urging House leaders to support the legislation, citing the importance of terrorism risk insurance to commercial real estate financing and investment.
“A long-term TRIA extension provides the certainty our commercial members need and helps ensure commercial real estate projects can continue moving forward,” said Shannon McGahn, NAR executive vice president and chief advocacy officer, in the letter.
TRIA was created in 2002, following the 9/11 terrorist attacks, to ensure the availability of terrorism insurance coverage, which is often required for commercial real estate loans and other large-scale investments. According to NAR, uncertainty surrounding the program’s future could affect insurance availability and financing decisions well before its scheduled expiration in December 2027.
NAR has said that long-term reauthorization helps support lending, real estate transactions, construction activity and broader economic investment. NAR engaged on the issue earlier this year as well, sending a letter to the House Financial Services Committee in January urging them to support a long-term extension.
With House passage secured, attention now shifts to the Senate, where lawmakers are considering separate legislation that would also extend the program. NAR has pledged to continue advocating for timely reauthorization before the current program expires.
