TRIA Program Reauthorization Act of 2026

Hozzl · 2026-04-17T19:51:10Z

Explore the details of House Bill 7128 TRIA Program Reauthorization Act of 2026 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

4/17/2026, 7:51 PM

Summary of Bill HR 7128

The TRIA Program Reauthorization Act of 2026, designated as H.R. 7128 in the 119th Congress and introduced on January 16, 2026, aims to renew the Terrorism Risk Insurance Program (TRIA). The bill includes provisions to extend the TRIA program, which provides a federal backstop for insurance claims related to acts of terrorism. The proposed legislation likely addresses the coverage limits, program duration, and mechanisms for industry participation in protecting against terrorism-related losses. More details can be found in the official PDF version of the bill on Congress's website.

Congressional Summary of HR 7128

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.

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Current Status of Bill HR 7128

Bill HR 7128 is currently in the status of Bill Introduced since January 16, 2026. Bill HR 7128 was introduced during Congress 119 and was introduced to the House on January 16, 2026. Bill HR 7128's most recent activity was Placed on the Union Calendar, Calendar No. 482. as of March 19, 2026