House passes bill for insurers against acts of terrorism
The House of Representatives has passed a bipartisan bill to provide protection for insurers against acts of terrorism.
House Resolution 7128, also known as the TRIA Program Authorization Act of 2026, passed on a 373-15 vote June 29. It reauthorizes the Terrorism Risk Insurance Program, and supporters say it also will ensure continued stability in the marketplace and protect American businesses.
TRIA is set to expire in 2027.
The bill was sponsored by Rep. Mike Flood (R-Nebraska), who also is chairman of the Housing and Insurance Subcommittee.
“This legislation would reauthorize TRIA, the program established by Congress in the aftermath of the September 11, 2001, terrorist attacks, through 2034,” Flood said. “We are so fortunate that we have never seen a TRIA claim in the program’s entire history, and I hope that we never, ever see one.
“However, if this program is going to continue to exist with a public backstop, we should ensure we update its charter to protect taxpayers in the event of future claims, and we should work to ensure the certification process is transparent.”
Rep. French Hill (R-Arkansas), who is chairman of the House Financial Services Committee, agreed.
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