H.R. 7128

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7128 Referred in Senate (RFS)]

<DOC>
119th CONGRESS
2d Session
H. R. 7128

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

July 13, 2026

Received; read twice and referred to the Committee on Banking, 
Housing, and Urban Affairs

_______________________________________________________________________

AN ACT

To extend the Terrorism Risk Insurance Program, and for other purposes.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``TRIA Program Reauthorization Act of 
2026''.

SEC. 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''.

SEC. 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 ``exceed 
$5,000,000.'' and inserting: ``exceed--
``(I) with respect to an act that 
occurred in a year before 2029, 
$5,000,000; and
``(II) with respect to an act that 
occurred in 2029, or any year 
thereafter, $10,000,000; or''; and
(C) by adding at the end the following:
``(iii) the Secretary did not issue to the 
public a final determination to certify such 
act as an act of terrorism before the 
expiration of the applicable period described 
in subparagraph (D)(ii).''; and
(2) by striking subparagraph (D) and inserting the 
following:
``(D) Review and determinations.--
``(i) Notice of review.--
``(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 the 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.
``(ii) Period of review.--
``(I) In general.--Except as 
described in subclause (II), the 
Secretary shall conclude any process of 
determining whether to certify an act 
as an act of terrorism not later than 
90 days after publishing a notice in 
the Federal Register under clause 
(i)(I).
``(II) Exception.--If, during the 
90-day period following the publication 
of a notice in the Federal Register 
under clause (i)(I), the Secretary 
determines there is insufficient 
information available at that time to 
determine if an act is eligible for 
certification as an act of terrorism, 
the Secretary may, before the end of 
such 90-day period, extend the process 
of determining whether to certify an 
act as an act of terrorism for a period 
not to exceed 365 days following the 
date on which the damage attributable 
to such act occurred, as determined by 
the Secretary, and shall notify the 
public of any such extension.
``(iii) Issuance of final determination.--
If the Secretary decides to certify an act as 
an act of terrorism, the Secretary shall, 
before the expiration of the period applicable 
under clause (ii), issue to the public a final 
determination that certifies such act as an act 
of terrorism and such determination shall be 
irrevocable.
``(iv) Rule of construction.--Nothing in 
this subparagraph may be construed to require 
to the Secretary to issue a final determination 
under clause (iii) about any act that the 
Secretary does not certify as an act of 
terrorism.''.

SEC. 4. REPORTING.

Section 104(h)(2) of the Terrorism Risk Insurance Act of 2002 (15 
U.S.C. 6701 note) is amended--
(1) by redesignating subparagraphs (B), (C), (D), (E), and 
(F) as subparagraphs (C), (D), (E), (F), and (G), respectively; 
and
(2) by inserting after subparagraph (A) the following:
``(B) a list of each act with respect to which the 
Secretary published a notice in the Federal Register 
under section 102(1)(D)(i) during the preceding 
calendar year, that includes--
``(i) any final determination issued by the 
Secretary under section 102(1)(D)(iii) with 
respect to such act; or
``(ii) a concise explanation of why the 
Secretary did not issue a final determination 
under section 102(1)(D)(iii) with respect to 
such act;''.

SEC. 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) Technical Corrections.--
(1) Terrorism risk insurance act .--The Terrorism Risk 
Insurance Act of 2002 (15 U.S.C. 6701 note) is amended by 
striking ``Terrorism Insurance Program'' each place it appears 
in text or headings and inserting ``Terrorism Risk Insurance 
Program''.
(2) Federal insurance office.--Section 313(c)(1)(D) of 
title 31, United States Code, is amended by striking 
``Terrorism Insurance Program'' and inserting ``Terrorism Risk 
Insurance Program''.

Passed the House of Representatives June 29, 2026.

Attest:

KEVIN F. MCCUMBER,

Clerk.