The Real Estate Roundtable (RER), the Coalition to Insure Against Terrorism (CIAT), and a broad group of business organizations urged congressional leaders this week to include a seven-year extension of the Terrorism Risk Insurance Program (TRIA) in any must-pass legislation considered this year. (Letter, July 29)

Coalition Letter

• The coalition called for action on the bipartisan Senate Terrorism Risk Insurance Program Reauthorization Act of 2026 (S. 4395), warning that waiting until the final year of TRIA’s authorization would create uncertainty for insurers and policyholders that are already negotiating policies extending beyond the program’s Dec. 31, 2027 expiration. (Roundtable Weekly, July 17)

• The letter emphasized that maintaining the current framework is critical to ensuring insurers of all sizes remain in the market, and sufficient capacity is available for businesses seeking terrorism coverage. (Letter, July 29)

• TRIA remains a critical public-private partnership that helps ensure terrorism insurance coverage remains available and affordable for commercial businesses, educational institutions, nonprofit organizations, and other policyholders. (Letter, July 29)

State of Play

• Last month, the House voted 373-15 to pass the bipartisan TRIA Program Reauthorization Act of 2026 (H.R. 7128), which would extend the program through 2034. The bill would also raise the minimum loss threshold from $5 million to $10 million beginning in 2029 and establish a 90-day timeframe for Treasury certification decisions. (PoliticoPro, June 29 | Legis1, July 1)

• The Senate’s seven-year reauthorization bill (S. 4395) has garnered more than 30 bipartisan cosponsors. Both the House and Senate proposals maintain TRIA’s existing structure, which the coalition emphasized is critical to keeping insurers of all sizes in the market and preserving sufficient coverage capacity. (Roundtable Weekly, May 1)

Why It Matters

• TRIA has provided stability to terrorism insurance markets since its enactment following the Sept. 11 attacks, helping businesses, property owners, lenders, and insurers manage risks that the private market cannot fully absorb. (Roundtable Weekly, Sept. 19)

• Since 2002, the program has served as a public-private risk-sharing mechanism that helps maintain the availability of terrorism insurance at virtually no cost to taxpayers.

• A 2026 Treasury Department report warned that allowing TRIA to expire—or even lapse temporarily—could disrupt insurance markets, affect unrelated lines of coverage, and delay projects in critical sectors. (Letter, July 29)

• The letter also cited federal assessments of evolving threats to critical infrastructure, including real estate.

Roundtable Advocacy

• RER, which co-chairs CIAT, has consistently urged Congress to act well ahead of TRIA’s Dec. 31, 2027 expiration.

• Last month, RER and CIAT spearheaded a coalition letter supporting H.R. 7128, which the House subsequently passed 373-15 to extend the program through 2034. (Roundtable Weekly, July 17)

• RER’s advocacy also builds on comment letters submitted to the House Financial Services Committee in September 2025 and January 2026, urging early reauthorization. (Letter, Jan., 2026 | Letter, Sept., 2025) (Roundtable Weekly, Jan 23)

RER and its industry partners will continue to urge Senate leaders to include TRIA on any must-pass legislation this year.