Bills · HR 7128
PASSED HOUSE· 119TH CONGRESS
House BillHR 7128Insurance industry and regulationState and local government operations
TRIA Program Reauthorization Act of 2026
INTRO JAN 16· LAST ACTION JUL 13
READING
4MIN
COSPONSORS
4BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Reported, not passed
LEGISLATIVE PROGRESS
STEP 4 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenBusinesses across the United States, especially those with high-value properties or in areas considered at higher risk for terrorism, would be directly affected. This program helps ensure that commercial property and casualty insurance includes coverage for terrorism-related losses, which might otherwise be difficult or extremely expensive to obtain in the private market. Without this program, insurers might exclude terrorism coverage or charge prohibitive premiums.
Insurance companies are also directly affected as the program defines the federal support for their terrorism risk exposure. The bill provides continued clarity for insurers on the terms under which the government would share losses from future attacks. The U.S. Department of the Treasury is also affected as it manages the program and the certification process, with new requirements for public notice and decision timelines.
KEY PROVISIONS
4AI-extractedPROVISION 01
Extends the Terrorism Risk Insurance Program (TRIP) from its current expiration date of 2027 to December 31, 2034.
This ensures the continued availability of a federal backstop for terrorism insurance, providing stability to the market.
PROVISION 02
Increases the minimum total losses across the insurance industry required for an act to be certified as an "act of terrorism" under the program. It will remain $5,000,000 for acts occurring before 2029, and then increase to $10,000,000 for acts occurring in 2029 or later.
This changes the threshold at which federal assistance kicks in, potentially shifting more of the burden for smaller-to-medium sized attacks to private insurers.
PROVISION 03
Requires the Treasury Secretary to publish a public notice within 30 days of beginning the process of determining whether to certify an act as terrorism. It also sets a 90-day limit for the Secretary to make a certification decision after this notice, or the act cannot be certified under the program.
This introduces new transparency and time limits to the critical process of officially designating an event as an act of terrorism for insurance purposes.
PROVISION 04
Makes technical corrections to update dates within the existing law and consistently renames the program from "Terrorism Insurance Program" to "Terrorism Risk Insurance Program."
These are minor administrative updates to ensure accuracy and consistency in the law.
SPONSORSHIP
1 + 4
R· Nebraska
YRS IN OFFICE
4
BILLS LED
29
COSPONSOR BREAKDOWNBIPARTISAN · 50%
DEM 3 REP 1 IND 0
ACTION TIMELINE
21 EVENTSJUL 13
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
JUN 29
Mr. Flood moved to suspend the rules and pass the bill, as amended.
JUN 29
Considered under suspension of the rules. (consideration: CR H4273-4279)
JUN 29
DEBATE - The House proceeded with forty minutes of debate on H.R. 7128.
BILL INFO
TypeHouse Bill
NumberHR 7128
Congress119th
StatusPassed House
IntroducedJan 16, 2026
Last actionJul 13, 2026
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PASSED HOUSE· 119TH CONGRESS · FINANCIAL SERVICES COMMITTEE · INTRODUCED JAN 16, 2026
House BillHR 7128Insurance industry and regulationState and local government operations
TRIA Program Reauthorization Act of 2026
INTRODUCED JAN 16, 2026· LAST ACTION JUL 13, 2026
PASSAGE CHANCES
—%
READING
4 min
COSPONSORS
4
COMPLEXITY
Moderate
