Terrorism Risk Insurance Program Extension

Official: TRIA Program Reauthorization Act of 2026

IntroducedJanuary 16, 2026

Finance and Financial SectorState and local government operationsTerrorismDisaster relief and insuranceLife, casualty, property insuranceInsurance industry and regulation

Why This Matters

This bill extends the Terrorism Risk Insurance Program, which helps businesses recover from terrorist attacks, and makes improvements to how acts of terrorism are certified. This matters because it provides financial stability and support for businesses in case of future attacks.

If you own a business, this bill helps ensure you have support if a terrorist attack occurs.

Affects: Businesses that may face financial losses due to terrorist attacks.

Summary

TRIA Program Reauthorization Act of 2026This 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.

What changes is this bill making?

1. This bill extends the Terrorism Risk Insurance Program until 2034. 2. It raises the minimum amount for an act to be certified as terrorism from $5 million to $25 million. 3. The bill improves the process for notifying the public about acts being evaluated for terrorism certification. 4. It updates various deadlines related to the program to later years. 5. The bill clarifies the name of the program to include 'Risk' in its title.

Who is affected?

Businesses that may face financial losses due to terrorist attacks.