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.
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.