Terrorism Risk Insurance Program Reauthorization Act of 2026
April 27, 2026
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Where This Stands
Currently in_committee. The next step in the legislative lifecycle is Floor Vote.
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →The Frame
The bill ensures the federal government continues to act as a for commercial property and casualty insurance claims resulting from acts of terrorism through 2034, affecting how insurers price and provide coverage for large-scale risks.
Potentially affected actors named in the source documents. Mention is not a position.
Commercial Insurance Companies
These entities rely on the federal backstop to manage risk exposure for potential terrorism-related claims.
Commercial Property Owners
The availability and pricing of terrorism risk insurance coverage for their properties are influenced by the existence of this federal program.
Current stage: in_committee.
Floor Vote.
Summary
Why It Matters
The bill ensures the federal government continues to act as a for commercial property and casualty insurance claims resulting from acts of terrorism through 2034, affecting how insurers price and provide coverage for large-scale risks.
Key Facts
- Extends the Terrorism Risk Insurance Program termination date from December 31, 2027, to December 31, 2034.
- Updates mandatory recoupment schedule dates for federal insurance payments.
- Amends Section 108(a) of the Terrorism Risk Insurance Act of 2002.
- Amends Section 103(e)(7)(E)(i) of the Terrorism Risk Insurance Act of 2002 regarding recoupment timing.
- Introduced in the Senate on April 27, 2026, by a bipartisan group of 23 senators.
Frequently Asked Questions
What is the Terrorism Risk Insurance Program?
How long would this extension last?
News Coverage
Lobbying Activity
1607 STRATEGIES, LLC
on behalf of Travelers Companies, Inc. and subsidiaries
2026
“Issues related to the property and casualty insurance industry. Issues related to the Terrorism Risk Insurance Program. H.R. 7128, TRIA Program Reauthorization Act of 2026, all provisions.”
1607 STRATEGIES, LLC
on behalf of American Property Casualty Insurance Association
2026
“Issues relating to the reauthorization of the National Flood Insurance Program and other Issues related to flood insurance. Issues related to the Fair Credit Reporting Act. Issues regarding environmental policies and their consideration by insurers and state insurance regulators. Issues related to the Terrorism Risk Insurance Program. H.R. 7128, TRIA Program Reauthorization Act of 2026, all provisions.”
1607 STRATEGIES, LLC
on behalf of Travelers Companies, Inc. and subsidiaries
2026
“Issues related to the property and casualty insurance industry. Issues related to the Terrorism Risk Insurance Program. H.R. 7128, TRIA Program Reauthorization Act of 2026, all provisions.”
1607 STRATEGIES, LLC
on behalf of American Property Casualty Insurance Association
2026
“Issues relating to the reauthorization of the National Flood Insurance Program and other Issues related to flood insurance. Issues related to the Fair Credit Reporting Act. Issues regarding environmental policies and their consideration by insurers and state insurance regulators. Issues related to the Terrorism Risk Insurance Program. H.R. 7128, TRIA Program Reauthorization Act of 2026, all provisions.”
STEPTOE LLP
on behalf of WHOLESALE & SPECIALTY INSURANCE ASSOCIATION
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Long-term Program Stability
The 7-year extension indicates a preference for long-term certainty in the insurance market rather than short-term renewals.
Connected Entities
Analysis Score
0–100- Significance85How much this matters to a regular citizen
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
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