The U.S. Financial Services Committee said the U.S. House of Representatives passed H.R. 7128, the TRIA Program Reauthorization Act of 2026, by a 373-15 vote. The bipartisan bill would reauthorize the Terrorism Risk Insurance Program through 2034, continuing the public-private framework for insured losses resulting from acts of terrorism and preserving the federal backstop for the market. Sponsored by Housing and Insurance Subcommittee Chairman Mike Flood, the measure is presented as giving insurers and policyholders continued certainty while updating the program’s charter to protect taxpayers if future claims arise. Flood also highlighted greater transparency in the terrorism event certification process, while Committee Chairman French Hill linked the program to continued access to terrorism risk coverage for commercial developments and businesses.
U.S. Financial Services Committee2026-06-30
U.S. Financial Services Committee announces House passage of bill to reauthorize Terrorism Risk Insurance Program through 2034
The U.S. Financial Services Committee said the House passed the bipartisan TRIA Program Reauthorization Act of 2026 by a 373-15 vote. The bill would extend the Terrorism Risk Insurance Program through 2034. It is framed as preserving the terrorism insurance backstop while improving taxpayer protections and certification transparency.