Washington Report

Advocacy Updates from Washington D.C.

Dear Colleague Letter on TRIA Reauthorization

On Monday, Dec. 1, Rep. Stephen Fincher (R-TN) released a "Dear Colleague" letter to the leadership of the House of Representatives urging them to support a long-term reauthorization of the Terrorism Risk Insurance Act of 2002, or "TRIA." The letter, which has the signatures of forty-seven other Members of Congress, reiterates how important TRIA is to the economy, and explains that a short-term extension, as has been suggested by some Members, would only prolongo the problem. Unless it is reauthorized, TRIA will expire on Dec. 31, 2014.

Through its position on the Steering Committee of the Coalition to Insure Against Terrorism (CIAT), NAR has been instrumental in garnering support and signatures for this important letter. As negotiations continue between the House and Senate on TRIA reauthorization, NAR will continue to advocate for a long-term reauthorization that keeps terrorism risk insurance affordable and available throughout the country.

Download Rep. Fincher's "Dear Colleague” Letter

Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.