Senate Passes Seven-Year, Clean TRIA Reauthorization

The United States Senate passed bipartisan legislation on September 28 to reauthorize the Terrorism Risk Insurance Act (TRIA) for seven years with unanimous support. This action advances a key priority for commercial real estate, critical infrastructure, major sports leagues, and all other consumers of terrorism risk insurance and further demonstrates Congress’ desire to enact a long-term extension of the program well in advance of its expiration at the end of 2027.

View the press release from the bill’s lead Democratic sponsor on Senate passage.

Read more in Insurance Journal.