TRIA Program Reauthorization Act of 2026

Progress

Timeline

• Mar 19Placed on the Union Calendar, Calendar No. 482.

Summary

**TRIA Program Reauthorization Act of 2026** This bill would extend the Terrorism Risk Insurance Act (TRIA) program, which helps protect the U.S. economy from losses due to terrorist attacks. **What it does:** The program requires the federal government to share costs with insurance companies when terrorism-related damages exceed certain thresholds. This ensures insurance remains available and affordable for businesses. **Who it affects:** - Businesses and property owners who need terrorism insurance coverage - Insurance companies that provide this coverage - Taxpayers (who would help cover federal costs if major attacks occur) **What would change:** Without reauthorization, the current TRIA program would expire, potentially making terrorism insurance much more expensive or unavailable. This could leave businesses vulnerable and hurt economic recovery after attacks. The bill would continue the existing partnership between government and insurers. The program was created after 9/11 when many insurers stopped offering terrorism coverage due to the enormous potential costs.

How This Affects You