Congress·In Progress·H.R. 7128

House Committee Reviews TRIA Extension That Would Keep Terrorism Insurance Backstop Through 2034

TRIA Program Reauthorization Act of 2026

2 months ago·View on Congress.gov

Legislative Progress

House

Senate

President

Law

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.

EconomySmall BusinessConsumer ProtectionNational Security

Impact Analysis

Personal Impact

How this policy affects specific groups of people

Mixed Impacts(1)

Federal Employee

Neutral

Treasury staff gain clearer timelines for decisions, but face tighter 30-day and 90-day deadlines to certify terrorist acts.

Positive Impacts(2)

Small Business Owner

Helps

Ensures terrorism insurance remains available and affordable, protecting businesses from catastrophic losses through 2034.

Homeowner

Helps

Keeps property insurance stable by preventing insurers from dropping coverage due to terrorism risk concerns.

Milestones

3 milestones4 actions

Jan 22, 2026House

Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 2.

Jan 22, 2026House

Committee Consideration and Mark-up Session Held

Jan 16, 2026House

Referred to the House Committee on Financial Services.

Jan 16, 2026

Introduced in House

What Happens Next

Projected impacts based on AI analysis

2027

Higher threshold for terrorism certification takes effect

Only attacks causing $25 million or more in losses would qualify for federal insurance help, up from $5 million today

2034-12-31

Program extension through 2034 becomes effective

Insurance companies and businesses can count on federal terrorism coverage backup for another 8 years

Related News

2 articles

Business Insurance·about 2 months ago

TRIA extension easily clears House panel

The TRIA Program Authorization Act of 2026 would extend the expiration year to 2034. It would sharply raise the minimum loss threshold to $25 million from $5 million and requires the Treasury Secretary to publish a notice within 30 days of beginning a terrorism determination process.

Politico Pro·about 2 months ago

House Financial Services advances terrorism risk insurance reauthorization

The committee advanced a reauthorization of TRIA through 2034 with bipartisan support. The legislation puts a firmer expectation on the Treasury to determine if an incident was an act of terrorism, requiring a decision 90 days after the agency announces it could potentially invoke the program.

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