This bill reauthorizes the Terrorism Risk Insurance Program through 2034. The program covers a portion of the losses incurred by private insurers for property and casualty insurance coverage for terrorism risk.
More detail
The bill also increases the amount of property and casualty insurance losses required for certification under the program beginning in 2029 and provides statutory authority for Department of the Treasury public notification requirements regarding the determination process for whether an act qualifies as an act of terrorism under this program.
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More on this bill
Where it stands
Introduced
Passed House
3Passed Senate
4To President
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2026
Jul 13Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Latest
Jun 29Mr. Flood moved to suspend the rules and pass the bill, as amended.
Vote recorded Legislative vote recorded. Result: Passed.House
Jun 29Considered under suspension of the rules. (consideration: CR H4273-4279)
Jun 29DEBATE - The House proceeded with forty minutes of debate on H.R. 7128.
Jun 29At 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.
Jun 29Considered as unfinished business. (consideration: CR H4302-4303)
Jun 29Passed/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)Passed House
Jun 29Motion to reconsider laid on the table Agreed to without objection.
Mar 19Reported (Amended) by the Committee on Financial Services. H. Rept. 119-561.
Mar 19Placed on the Union Calendar, Calendar No. 482.
Jan 22Committee Consideration and Mark-up Session Held
Jan 22Ordered to be Reported (Amended) by the Yeas and Nays: 51 - 2.
Jan 16Introduced in House
Jan 16Referred to the House Committee on Financial Services.Introduced