House votes 373-15 to reauthorize the federal terrorism insurance backstop through 2034

The U.S. House of Representatives passed H.R. 7128, the TRIA Program Reauthorization Act of 2026, by a vote of 373 to 15, extending the federal terrorism insurance backstop through 2034. The House Financial Services Committee announced the vote on June 30. The bill goes next to the Senate, where a companion measure, S. 4395, has 31 cosponsors.

The Terrorism Risk Insurance Program is set to expire at the end of 2027. Congress created it under the Terrorism Risk Insurance Act after the September 11, 2001, attacks to share the cost of insured losses from certified acts of terrorism between private insurers and the federal government. No claim has ever been paid under the program.

What the bill changes

The reauthorization keeps the program's structure and adjusts how it is triggered and how the government certifies an attack.

The program pays out only after insured losses from a certified act of terrorism pass a set dollar amount. The bill holds that threshold at $5 million for acts that occur before 2029 and raises it to $10 million for acts in 2029 or later.

It also changes the certification process. The bill requires the Treasury Secretary to publish a notice in the Federal Register within 30 days of starting a review of whether an event qualifies as an act of terrorism, and it lets the Secretary say publicly when an event is not being reviewed for certification.

The vote

The 373-15 margin drew support from both parties. A tally of the roll call by Quiver Quantitative recorded 191 Democrats, 181 Republicans and one independent voting yes; all 15 votes against came from Republicans. Rep. Mike Flood, a Nebraska Republican who chairs the Subcommittee on Housing and Insurance, sponsored the bill.

Flood said the program should be updated as it is renewed. "If this program is going to continue to exist with a public backstop, we should ensure we update its charter to protect taxpayers in the event of future claims, and we should work to ensure the certification process is transparent," he said.

French Hill, an Arkansas Republican who chairs the Financial Services Committee, tied the program to commercial construction. "The purpose of TRIA is spelled out in the original law," Hill said, describing the goal as giving policyholders "the financial protection they need and the confidence they need to build skyscrapers, sports venues, and malls, and employ workers that drive our economy."

Industry response

The American Property Casualty Insurance Association backed the bill. Sam Whitfield, the group's senior vice president for federal government relations, said the legislation would extend coverage that many companies rely on and that passing it before the 2027 deadline avoids a gap. The U.S. Chamber of Commerce also stated its support ahead of the vote.

What happens next

The bill moves to the Senate, which has not scheduled a vote on the companion measure. Supporters have asked Congress to send a final version to the president before the end of the year. The current program runs through the end of 2027.