NAR Supports Terrorism Risk Insurance Act Extension
Issue Date: January 16, 2026
On January 15, 2025, NAR sent a letter to House Financial Services Committee leaders supporting the “TRIA Program Reauthorization Act of 2025,” which would provide a straight eight‑year extension of the Terrorism Risk Insurance Act (TRIA) through 2035.
Late last year, the House Housing & Insurance Subcommittee held a hearing on TRIA reauthorization, where witnesses and members from both parties voiced strong support for renewing the program well ahead of its 2027 expiration. Stakeholders emphasized that early reauthorization helps maintain stability in commercial real estate and related markets and avoids the tightening of terrorism coverage that can occur when the program’s future is uncertain.
In its letter, NAR underscored that TRIA is a financing prerequisite across the commercial market, supporting transactions, new construction, and business expansion nationwide. When terrorism coverage becomes uncertain or unavailable, lenders may restrict financing and commercial owners can face technical defaults—disruptions the federal backstop was created to prevent.
NAR thanked committee leadership for beginning this work well in advance of the deadline and urged swift action on the bill to ensure continued market stability.
Read the letter.