H.R. 7128 · Passed House · Finance and Financial Sector

TRIA Program Reauthorization Act of 2026

Sponsor: Mike Flood (R-NE)

What it does

• Reauthorizes the Terrorism Risk Insurance Program through 2034.
• Continues federal coverage of a portion of private insurers' losses on property and casualty insurance for terrorism risk.
• Increases, beginning in 2029, the amount of insured losses required to certify an event under the program.
• Provides statutory authority for Treasury public notification requirements about how it determines whether an act qualifies as an act of terrorism.

Official summary

TRIA Program Reauthorization Act of 2026 This bill reauthorizes the Terrorism Risk Insurance Program through 2034. The program covers a portion of the losses incurred by private insurers for property and casualty insurance coverage for terrorism risk. The bill also increases the amount of property and casualty insurance losses required for certification under the program beginning in 2029 and provides statutory authority for Department of the Treasury public notification requirements regarding the determination process for whether an act qualifies as an act of terrorism under this program.

Latest action

Jul 13, 2026: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Committee: Senate Banking, Housing, and Urban Affairs