All Roll Calls
Yes: 373 • No: 15
119-hr-7128119th CongressWALLET
TRIA Program Reauthorization Act of 2026
Sponsored By: Representative Flood, Mike [R-NE-1]
Passed House
Summary
Extends the Terrorism Risk Insurance Program through 2034. It also rewrites how the federal government decides which violent acts trigger that backstop by tightening deadlines, notice rules, and certification thresholds.
Show full summary
- Insurers and reinsurers gain an extended federal backstop through 2034 that keeps a government guarantee available for certified terrorist losses.
- Businesses and policyholders get clearer rules about when federal help kicks in because certification must have public notice within 30 days and a general 90-day review window, with extensions up to 365 days if more information is needed.
- The certification test changes the damage trigger. Acts before 2029 keep a $5 million threshold. Acts in 2029 or later use a $10 million threshold. The text also makes final determinations for certified acts irrevocable and lists the Secretary's missed deadlines as a factor to consider.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Terrorism insurance backstop extended to 2034
This bill would keep the federal terrorism insurance backstop in place through 2034. The change would take effect on enactment. It would also update year references in program rules so timing stays aligned. Businesses and property owners would have federal support for insured terrorism losses through 2034.
Faster reviews, higher loss threshold
This bill would change how Treasury certifies acts of terrorism for insurance. The Secretary would publish a notice within 30 days of starting a review and would finish in 90 days, unless extended. If facts are lacking, the review would be extended, but no later than 365 days after the damage date, with public notice. If the Secretary certifies an act, an irrevocable final decision would be issued before the deadline. The Secretary would not have to issue a final decision for acts not certified and would be able to announce when an act is not under review. The annual report would list each noticed act and either the final decision or a short reason for none. For acts before 2029, insured losses would need to exceed $5,000,000; for 2029 and later, the threshold would be $10,000,000. The Secretary would also be allowed to consider if a review period ended without a final decision.
Sponsors & CoSponsors
Sponsor
Flood, Mike [R-NE-1]
NE • R
Cosponsors
Rep. Garbarino, Andrew R. [R-NY-2]
NY • R
Sponsored 1/16/2026
Rep. Cleaver, Emanuel [D-MO-5]
MO • D
Sponsored 1/22/2026
Rep. Velázquez, Nydia M. [D-NY-7]
NY • D
Sponsored 1/22/2026
Rep. Pressley, Ayanna [D-MA-7]
MA • D
Sponsored 1/22/2026
Roll Call Votes
house vote • 6/29/2026
On Motion to Suspend the Rules and Pass, as Amended
Yes: 373 • No: 15