Bill · H.R. 7128· House(119-HR-7128)
TRIA Program Reauthorization Act of 2026
- Introduced
- 1/16/2026
- Last activity
- 7/13/2026 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Mike Flood
- Cosponsors
- - 1 - 3
- Introduced
- Passed House
- In Senate committee
What this bill would do
H.R. 7128, known as the TRIA Program Reauthorization Act of 2026, extends the Terrorism Risk Insurance Program from the year 2027 out to 2034. It updates the certification process used by the Secretary to determine if an event qualifies as an act of terrorism. Specifically, the bill adjusts the aggregate insured loss threshold required for certification, raising it to $10,000,000 for acts occurring in 2029 or later. Additionally, it establishes strict timelines and notice requirements for the Secretary to review and make final determinations regarding these acts. Finally, the legislation includes new reporting requirements and technical amendments to update various dates and program names within the law.
Yes· 3 of 4
Would business owners be better off under this?+5
Provides essential risk mitigation through the extension of the Terrorism Risk Insurance Program.
Does this make what the government does easier for the public to see?+3
Requires the Secretary to publish notices and provide explanations in the Federal Register regarding terrorism certifications.
Is this likely to grow the economy?+2
Maintaining terrorism risk insurance provides stability for businesses and the economy by mitigating catastrophic risk.
The opposite
No question was scored the opposite.
What Congress actually voted on
One recorded vote has been taken on this bill.
- The House: a fast-track vote, needing two-thirds to passPassed 373–15
The House sets aside its normal procedure to move quickly: no amendments, little debate, and a two-thirds bar instead of a simple majority. It is used for measures expected to be uncontroversial, so a bill that fails here failed despite broad expectations that it would not.
06/29/2026 · Roll call 229 · recorded as “On Motion to Suspend the Rules and Pass, as Amended”
Who it would affect, and how
Potential Positive Impacts for People
- Section 2 extends the Terrorism Risk Insurance Program until 2034, which could benefit individuals and businesses by keeping terrorism risk insurance available for a longer period of time.
- Section 3 updates the certification process by requiring the Secretary to publish a notice in the Federal Register within 30 days of beginning a review, which brings more clarity and transparency for the public.
- Section 3 establishes strict time periods for review—generally requiring a decision within 90 days, or up to 365 days in certain cases—helping to ensure that determinations are handled in a more timely manner.
- Section 4 adds reporting requirements that mandate a list of reviewed acts and final determinations or explanations for why no final determination was issued, holding officials more accountable to the public.
Potential Negative Impacts for People
- Section 3 raises the minimum aggregate insured loss threshold needed for an event to be considered an act of terrorism to $10,000,000 for acts occurring in 2029 or later, which could make it harder for smaller incidents to qualify for program benefits.
- Section 3 includes an exception allowing the Secretary to extend the review period up to 365 days following the date of the damage if there is insufficient information, potentially delaying final answers and relief for affected individuals and groups.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+5
- Economy And Finance
- Improves Economic Growth+2Improves Small Business Support+2
- Governance And Ideology
- Improves Government Transparency+3
- 7/13/2026
- Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 6/29/2026
- Motion to reconsider laid on the table Agreed to without objection.
- Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 373 - 15 (Roll no. 229). (text: CR H4273-4274)
- On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 373 - 15 (Roll no. 229). (text: CR H4273-4274)
- Considered as unfinished business. (consideration: CR H4302-4303)
- At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
- DEBATE - The House proceeded with forty minutes of debate on H.R. 7128.
- Considered under suspension of the rules. (consideration: CR H4273-4279)
- Mr. Flood moved to suspend the rules and pass the bill, as amended.
- 3/19/2026
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-561.
- Placed on the Union Calendar, Calendar No. 482.
- 1/22/2026
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 2.
- 3 Cosponsors added.
- 1/16/2026
- Referred to the House Committee on Financial Services.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Emanuel CleaverDemocrat · Missouri
Andrew GarbarinoRepublican · New York
Ayanna PressleyDemocrat · Massachusetts
Nydia VelázquezDemocrat · New York