The House of Representatives has passed a bipartisan bill to provide protection for insurers against acts of terrorism. House Resolution 7128, also known as the TRIA Program Authorization Act of 2026, passed on a 373-15 vote June 29. It reauthorizes the Terrorism Risk Insurance Program, and supporters say it also will ensure continued stability in the marketplace and protect American businesses.

Background

TRIA is set to expire in 2027. The bill was sponsored by Rep. Mike Flood (R-Nebraska), who also is chairman of the Housing and Insurance Subcommittee. “This legislation would reauthorize TRIA, the program established by Congress in the aftermath of the September 11, 2001, terrorist attacks, through 2034,” Flood said.

Rep. French Hill (R-Arkansas), who is chairman of the House Financial Services Committee, agreed. “The purpose of TRIA is spelled out in the original law,” Hill said. “The law states that TRIA is designed to provide for a transparent system of shared public and private compensation for insured losses resulting from acts of terrorism in order to protect consumers.”

Industry Reaction

The American Property Casualty Insurance Association also hailed the bill’s passage. “APCIA applauds House consideration of H.R. 7128, the TRIA Program Reauthorization Act, which would extend the Terrorism Risk Insurance Program for seven years and preserve the program’s vital economic protection against acts of terrorism that so many companies rely on,” said Sam Whitfield, APCIA’s senior vice president of federal government relations and political engagement.

Original reporting: KTBS 3 (Shreveport) — read the source article.