H.R. 7128
TRIA Program Reauthorization Act of 2026
Sponsor: Mike Flood
Official summary
Written by the Congressional Research Service.
TRIA Program Reauthorization Act of 2026
This bill reauthorizes the Terrorism Risk Insurance Program through 2034. The program covers a portion of the losses incurred by private insurers for property and casualty insurance coverage for terrorism risk.
The bill also increases the amount of property and casualty insurance losses required for certification under the program beginning in 2029 and provides statutory authority for Department of the Treasury public notification requirements regarding the determination process for whether an act qualifies as an act of terrorism under this program.
Text of the bill
Where this section came from
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Jan 16, 2026 · Introduced in House Referred to House Committee on Financial Services, Jan 16
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Mar 19, 2026 · Reported in House Marked up by House Committee on Financial Services, Jan 22 Reported by House Committee on Financial Services, Mar 19 Committee members' individual votes aren't in our records.
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Jun 29, 2026 · Engrossed in House On Motion to Suspend the Rules and Pass, as Amended — Passed, 373–15 · Roll Call 229
… 12 unchanged passages …
(iii) the Secretary did not
issue to the public a final determination to
certify such act as an act of terrorism before the expiration of the
90-day
applicable
period
following
described
the publication of a notice
in
the Federal Register under
subparagraph (D)(
i
ii
).
… 4 unchanged passages …
(D)
Notice
Review
requirements
and determinations
. (i)
Notice of review. (I)
In general. The Secretary shall, not later than 30 days after beginning the process of determining whether to certify an act as an act of terrorism, publish a notice in the Federal Register that informs the public that the Secretary is in the process of determining whether to certify the act as an act of terrorism. (
ii
II
) Additional notice permitted. The Secretary may, as the Secretary determines appropriate, notify the public, through publication in the Federal Register, or otherwise, that an act is not being evaluated by the Secretary to determine whether it should be certified as an act of terrorism.
(ii) Period of review. (I) In general. Except as described in subclause (II), the Secretary shall conclude any process of determining whether to certify an act as an act of terrorism not later than 90 days after publishing a notice in the Federal Register under clause (i)(I). (II) Exception. If, during the 90-day period following the publication of a notice in the Federal Register under clause (i)(I), the Secretary determines there is insufficient information available at that time to determine if an act is eligible for certification as an act of terrorism, the Secretary may, before the end of such 90-day period, extend the process of determining whether to certify an act as an act of terrorism for a period not to exceed 365 days following the date on which the damage attributable to such act occurred, as determined by the Secretary, and shall notify the public of any such extension. (iii) Issuance of final determination. If the Secretary decides to certify an act as an act of terrorism, the Secretary shall, before the expiration of the period applicable under clause (ii), issue to the public a final determination that certifies such act as an act of terrorism and such determination shall be irrevocable. (iv) Rule of construction. Nothing in this subparagraph may be construed to require to the Secretary to issue a final determination under clause (iii) about any act that the Secretary does not certify as an act of terrorism.
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What is a markup?
A markup is a committee meeting where members go through a bill and vote on changes before sending it to the full chamber.
Section 102(1) of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended—
(1) in subparagraph (B)—
(A) in clause (i), by striking or at the end;
(B) in clause (ii), by striking exceed $5,000,000. and inserting:
exceed—
(I) with respect to an act that occurred in a year before 2029, $5,000,000; and
(II) with respect to an act that occurred in 2029, or any year thereafter, $10,000,000; or
; and
(C) by adding at the end the following:
(iii) the Secretary did not issue to the public a final determination to certify such act as an act of terrorism before the expiration of the applicable period described in subparagraph (D)(ii).
; and
(2) by striking subparagraph (D) and inserting the following:
(D) Review and determinations
(i) Notice of review
(I) In general. The Secretary shall, not later than 30 days after beginning the process of determining whether to certify an act as an act of terrorism, publish a notice in the Federal Register that informs the public that the Secretary is in the process of determining whether to certify the act as an act of terrorism.
(II) Additional notice permitted. The Secretary may, as the Secretary determines appropriate, notify the public, through publication in the Federal Register, or otherwise, that an act is not being evaluated by the Secretary to determine whether it should be certified as an act of terrorism.
(ii) Period of review
(I) In general. Except as described in subclause (II), the Secretary shall conclude any process of determining whether to certify an act as an act of terrorism not later than 90 days after publishing a notice in the Federal Register under clause (i)(I).
(II) Exception. If, during the 90-day period following the publication of a notice in the Federal Register under clause (i)(I), the Secretary determines there is insufficient information available at that time to determine if an act is eligible for certification as an act of terrorism, the Secretary may, before the end of such 90-day period, extend the process of determining whether to certify an act as an act of terrorism for a period not to exceed 365 days following the date on which the damage attributable to such act occurred, as determined by the Secretary, and shall notify the public of any such extension.
(iii) Issuance of final determination. If the Secretary decides to certify an act as an act of terrorism, the Secretary shall, before the expiration of the period applicable under clause (ii), issue to the public a final determination that certifies such act as an act of terrorism and such determination shall be irrevocable.
(iv) Rule of construction. Nothing in this subparagraph may be construed to require to the Secretary to issue a final determination under clause (iii) about any act that the Secretary does not certify as an act of terrorism.