TRIA Program Reauthorization Act of 2026
To extend the Terrorism Risk Insurance Program, and for other purposes.
This bill, HB7128, aims to extend the Terrorism Risk Insurance Program (TRIA), which provides federal assistance to cover losses from terrorist attacks. If passed, it will continue to offer insurance companies and policyholders the financial protection they need in the event of such incidents. The bill has broad support from both Democrats and Republicans, as seen by the bipartisan sponsorship.
The bill will primarily impact insurance companies and businesses that purchase terrorism insurance policies. By ensuring the continuation of TRIA, it helps maintain the stability and availability of terrorism insurance, which is crucial for businesses to recover from major attacks. It also affects the federal government by potentially limiting its financial exposure in the event of large-scale terrorist activities.
As of July 13, 2026, HB7128 has been introduced, reported by a House committee with amendments, and passed by the House. It has now been received by the Senate and referred to the Committee on Banking, Housing, and Urban Affairs for further consideration. The bill's progress indicates a strong likelihood of it being reviewed and potentially passed in the Senate as well.
