House Passes Bill to Reauthorize Terrorism Risk Insurance Program

The House of Representatives passed legislation to extend the federal Terrorism Risk Insurance Program through 2034, delivering a strong bipartisan vote in favor of maintaining stability in the commercial insurance market.

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.