MBA Applauds Senate Introduction of TRIA Reauthorization Bill

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement after the introduction of the Terrorism Risk Insurance Program Reauthorization Act (TRIA) of 2026 by a bipartisan group of U.S. Senators:

“The Senate’s introduction of a bipartisan, seven-year reauthorization of the Terrorism Risk Insurance Program is an important and timely step to ensure continued stability and certainty in commercial real estate markets. MBA commends Senators David McCormick, Tina Smith, Thom Tillis, and Ruben Gallego for their leadership, and we are encouraged by the broad, bipartisan support reflected by the strong list of original cosponsors.

“We also thank the House Financial Services Committee for advancing a companion TRIA reauthorization bill, H.R. 7128, by a wide bipartisan margin earlier this year. TRIA has long served as a vital public-private partnership that supports economic growth, protects taxpayers, and ensures that businesses of all sizes can access the terrorism risk coverage they need.

“With only minimal differences between the House and Senate bills, Congress is well positioned to act swiftly. We urge lawmakers in both chambers to prioritize this legislation, move it forward as expeditiously as possible, and work together to ensure its enactment before the end of this year.”