Lawmakers are starting to review a bill that would extend the federal terrorism insurance program, and one major insurance group is already showing strong support. The American Property Casualty Insurance Association (APCIA) is backing the House Financial Services Committee’s move to consider H.R. 7128, known as the TRIA Program Reauthorization Act of 2026. This bill aims to keep the Terrorism Risk Insurance Program running for another seven years.
The program is important because it offers economic protection against losses caused by terrorism. Sam Whitfield, APCIA’s senior vice president for federal government relations, emphasized how crucial it is to act now before the current authorization expires. Whitfield said the group appreciates the committee starting the process early to avoid confusion or uncertainty in the future.
Several key members of the House Financial Services Committee, including Chair French Hill and Ranking Member Maxine Waters, are involved in pushing the bill forward. APCIA is urging lawmakers to pass H.R. 7128 and is ready to work with them to improve it as it moves through Congress.
APCIA represents insurers that cover homes, cars, and businesses across the U.S. and beyond. Their support signals how important the Terrorism Risk Insurance Program is for many companies that rely on this safety net. With the current program set to expire soon, early action could bring peace of mind to those in the insurance industry and the businesses they protect.