TRIA REAUTHORIZATION PASSES CONGRESS!

This week the “Terrorism Risk Insurance program Reauthorization Act of 2015” passed Congress by large margins in both houses – making this the first bill passed by the new Congress.  The legislation is on its way to President Obama’s desk.  We are strongly urging him to sign H.R. 26 into law. 

BOMA International was a key part of the coalition that helped make this happen.  They have worked together for several years with Congress to draft and support a compromise bill that ensures the continued availability and affordability of coverage for terrorism risk in the commercial marketplace. The existing TRIA program expired on December 31, 2014.  

Click here for a story from the Washington Post about TRIA reauthorization and what it means to Commercial Real Estate.

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