Bill > HR7128

This bill, titled the TRIA Program Reauthorization Act of 2026, extends the Terrorism Risk Insurance Program (TRIA), a federal program designed to provide a financial backstop for insurers in the event of catastrophic acts of terrorism, from its current expiration in 2027 to 2034. It also makes improvements to the certification process for acts of terrorism, including increasing the financial threshold for certain acts from $5,000,000 to $10,000,000 for acts occurring in 2029 and beyond, and establishing clearer notice requirements for the Secretary of the Treasury when determining whether to certify an act as terrorism, requiring public notification in the Federal Register within 30 days of beginning the determination process. Additionally, the bill includes technical amendments to update various dates within the TRIA program and corrects a minor inconsistency in the program's name.

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https://www.congress.gov/bill/119th-congress/house-bill/7128/all-info