TRIA Program Reauthorization Act of 2026

Key Points

• This bill extends a federal program that acts as a safety net for insurance companies in the event of a major terrorist attack. By keeping the program running until 2034, it ensures that businesses can continue to buy insurance coverage for large-scale disasters that might otherwise be too expensive or unavailable.
• The plan changes the rules for what qualifies as a "certified" act of terrorism. Under the new rules, an event would have to cause at least $25 million in insured losses to qualify for federal help, which is a big jump from the current limit of $5 million.
• The government would be required to work faster when deciding if an event was officially an act of terrorism. They would have to notify the public within 30 days of starting an investigation and would generally have to make a final decision within 90 days of that notice.
• This policy helps keep the economy stable by making sure that high-risk places like stadiums, shopping malls, and office buildings can remain insured. Without this government backup, many insurance companies might stop offering terrorism coverage because the risk of a massive payout is too high for them to handle alone.