TRIA Program Reauthorization Act of 2026
Officially: “TRIA Program Reauthorization Act of 2026” Read the full text
What it does
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1Short title
This section states that the Act may be cited as the "TRIA Program Reauthorization Act of 2026."
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1. Short title This Act may be cited as the TRIA Program Reauthorization Act of 2026 .
2Extension
Section 108(a) of the Terrorism Risk Insurance Act of 2002 currently sets 2027 as the year the Terrorism Risk Insurance Program ends. This section would replace 2027 with 2034, extending the program by seven years.
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2. Extension Section 108(a) of the Terrorism Risk Insurance Act of 2002 ( 15 U.S.C. 6701 note) is amended by striking 2027 and inserting 2034 .
3Improvements to certification process
This section would amend section 102(1) of the Terrorism Risk Insurance Act of 2002. Section 102(1) contains, in subparagraph (B), a list of conditions that bar the Secretary from certifying an act as an act of terrorism. In subparagraph (B), the section would change a dollar figure in that list from $5,000,000 to $25,000,000. It would also add a new condition to the list: that the Secretary did not certify the act as an act of terrorism before the 90-day period following publication of a Federal Register notice, described below, ran out. The section would also strike subparagraph (D) entirely and put new notice requirements in its place. Under the new requirements, the Secretary would have to publish a notice in the Federal Register no later than 30 days after starting the process of deciding whether to certify an act as an act of terrorism, telling the public that the determination process is underway. The Secretary could also publish an additional notice, in the Federal Register or through another method, stating that a particular act is not being evaluated for certification.
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3. Improvements to certification process Section 102(1) of the Terrorism Risk Insurance Act of 2002 ( 15 U.S.C. 6701 note) is amended— (1) in subparagraph (B)— (A) in clause (i), by striking or at the end; (B) in clause (ii), by striking $5,000,000. and inserting $25,000,000; or ; and (C) by adding at the end the following: (iii) the Secretary did not certify such act as an act of terrorism before the expiration of the 90-day period following the publication of a notice in the Federal Register under subparagraph (D)(i). ; and (2) by striking subparagraph (D) and inserting the following: (D) Notice requirements (i) In general The Secretary shall, not later than 30 days after beginning the process of determining whether to certify an act as an act of terrorism, publish a notice in the Federal Register that informs the public that the Secretary is in the process of determining whether to certify an act as an act of terrorism. (ii) Additional notice permitted The Secretary may, as the Secretary determines appropriate, notify the public, through publication in the Federal Register, or otherwise, that an act is not being evaluated by the Secretary to determine whether it should be certified as an act of terrorism. .
5Technical amendments
This section would make two changes to the Terrorism Risk Insurance Act of 2002. First, in section 103(e)(7)(E)(i), it would shift several referenced years later by seven years: in subclause (I), 2022 would become 2029 and 2024 would become 2031; in subclause (II), 2023 would become 2030, 2029 would become 2036, and 2024 would become 2031; and in subclause (III), 2029 would become 2036 and 2024 would become 2031. Second, it would replace every instance of the term "Terrorism Insurance Program" in the Act with "Terrorism Risk Insurance Program," matching the Act's official title.
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5. Technical amendments (a) In general Section 103(e)(7)(E)(i) of the Terrorism Risk Insurance Act of 2002 ( 15 U.S.C. 6701 note) is amended— (1) in subclause (I)— (A) by striking 2022 and inserting 2029 ; and (B) by striking 2024 and inserting 2031 ; (2) in subclause (II)— (A) by striking 2023 and inserting 2030 ; (B) by striking 2029 and inserting 2036 ; and (C) by striking 2024 and inserting 2031 ; and (3) in subclause (III)— (A) by striking 2029 and inserting 2036 ; and (B) by striking 2024 and inserting 2031 . (b) Clarification The Terrorism Risk Insurance Act of 2002 ( 15 U.S.C. 6701 note) is amended by striking Terrorism Insurance Program each place it appears and inserting Terrorism Risk Insurance Program .
Where it is
In the House.