House Committee Advances Terrorism Risk Insurance Act (TRIA) Reauthorization
Issue Date: January 23, 2026
On January 22, 2026, the House Financial Services Committee voted 51–2 to advance H.R. 7128, the “TRIA Program Reauthorization Act of 2026.” The bill would extend the Terrorism Risk Insurance Act (TRIA) for seven years, through 2034, and include a few modest, bipartisan refinements to the federal event‑certification process.
During the markup, members of Congress on both sides of the aisle underscored the importance of acting well ahead of TRIA’s current December 2027 expiration to maintain market stability. The measure was not controversial, and lawmakers emphasized the need to avoid uncertainty that could lead to tightening in commercial insurance and financing markets.
NAR submitted a letter in support of H.R. 7128 as amended, noting that TRIA is essential for maintaining access to terrorism insurance required for commercial real estate transactions and development. NAR also supported the added transparency in Treasury’s certification process, which will provide clearer expectations for insurers, lenders, and policyholders following an event.
The bill now moves to the full House of Representatives for consideration.