On June 29, 2026, the House of Representatives passed H.R. 7128, “TRIA Program Reauthorization Act of 2026” (the Act). The Act concerns the Terrorism Risk Insurance Act of 2002 (TRIA), which was passed in the aftermath of the September 11, 2001, terrorist attacks. TRIA requires commercial property and casualty insurers to make terrorism coverage available (although purchasing such insurance is not required). In the event of a terrorist attack, the U.S. Department of the Treasury would cover a portion of the losses incurred by these insurers. TRIA has been renewed four times since it passed, with the most recent 2019 renewal set to expire in December 2027. The Act would extend this expiration an additional seven years to December 2034. Additionally, the Act “increases the amount of property and casualty insurance losses required for certification under the program beginning in 2029” and outlines “public notification requirements regarding the determination process for whether an act qualifies as an act of terrorism.” The Act passed in the House and has since been sent to the Senate for consideration.
