House Passes Bill to Reauthorize Terrorism Risk Insurance Program

Supporters of the legislation have framed the updates as prudent adjustments that strengthen taxpayer safeguards while preserving the program’s core function.

Raising the certification threshold, for instance, means federal involvement would require a higher bar of insured losses, reducing the likelihood of smaller events triggering government participation.

This sector supports millions of jobs in construction, property management, retail, hospitality, and related industries across the country.

The bill now advances to the Senate, where a companion measure has also been introduced.