TRIA Program Reauthorization Act of 2026

This bill would extend the Terrorism Risk Insurance Program (TRIA), a federal backstop for terrorism-related insurance losses, through 2034. Currently set to expire in 2027, the program helps ensure that commercial property owners can obtain affordable insurance coverage against terrorist attacks. If the program lapses, private insurers typically stop offering terrorism coverage or charge prohibitively high rates, which can prevent businesses from securing financing and disrupt commercial real estate markets.

The bill makes two key improvements to how the program operates. It raises the threshold for federal assistance from $5 million to $10 million starting in 2029, meaning the federal backstop would only activate for larger events. It also requires the Treasury Department to publicly announce within 30 days when it begins reviewing whether an incident qualifies as terrorism under the program, and establishes a 90-day deadline for making a final certification decision. These changes aim to reduce delays in paying insurance claims and provide greater transparency to policyholders.