EXECUTIVE SUMMARY
The US House overwhelmingly passed a bill to reauthorize the vital Terrorism Risk Insurance Program through 2034, sending the measure to the Senate.
Lawmakers approved H.R. 7128, the TRIA Program Reauthorization Act of 2026, by a vote of 373-15.
The measure, sponsored by Rep. Mike Flood, R-Neb., chairman of the House Financial Services Subcommittee on Housing and Insurance, now heads to the Senate.
The program provides a federal backstop for property and casualty insurers facing catastrophic losses from certified acts of terrorism, having been created by Congress in the wake of the September 11, 2001, terrorist attacks.