[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7128 Engrossed in House (EH)]
<DOC>
119th CONGRESS
2d Session
H. R. 7128
_______________________________________________________________________
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:
Clerk.
119th CONGRESS
2d Session
H. R. 7128
_______________________________________________________________________
AN ACT
To extend the Terrorism Risk Insurance Program, and for other purposes.