HR 7128 Passed in House – TRIA Reauthorization

This afternoon, the House took up HR 7128, the TRIA Program Reauthorization Act of 2026, under the suspension of the rules process. After 18 minutes of debate, the bill was passed by a bipartisan vote of 373 to 15; all of the No votes came from Republicans. The bill would reauthorize the Terrorism Risk Insurance Act (TRIA) program through 2034 and make changes to program’s certification process. No new funding is authorized. 

The bill is unlikely to be considered by the Senate under regular order. I would expect limited Republican opposition to any move to consider the bill under the unanimous consent process, but a single voice rising in opposition kills that process. I would not be surprised to see similar language added to the financial services spending bill. 

Review - HR 7128 Introduced – TRIA Reauthorization

Earlier this month Rep Flood (R,NE) introduced HR 7128, the TRIA Program Reauthorization Act of 2026. The bill would reauthorize the Terrorism Risk Insurance Act (TRIA) program through 2034 and make changes to program’s certification process. No new funding is authorized.

Markup Hearing

On January 22^nd, 2026 the House Financial Services Committee held a business meeting that considered HR 7128, along with eight other bills. Substitute language as offered by Flood. Four amendments were offered. All four were rejected; two by near party-line votes of 18 to 34, one by a vote of 2 to 49, and one by voice vote. The amended version of the bill as adopted by a vote of 51 to 2.

Moving Forward

The bill is now ready for consideration by the full House. With the strong bipartisan support seen in Committee, the bill is likely to be considered under the suspension of the rules process. I would expect to see similar bipartisan support in that vote.

For more information on the provisions of this bill, including a commentary on cybersecurity insurance coverage, see my article at CFSN Detailed Analysis - https://patrickcoyle.substack.com/p/hr-7128-introduced-tria-reauthorization - subscription required.

Review – Bills Introduced – 1-16-26

With the House in Washington, and the Senate meeting in pro forma session, there were 22 bills introduced. One of those bills will be covered in this blog:

HR 7128 TRIA Program Reauthorization Act of 2026 Flood, Mike [Rep.-R-NE-1]

 

For more information on these bills, including legislative history for similar bills in the 118^th Congress, as well as a mention in passing of a bill to pay federal employees during a shutdown, see my article at CFSN Detailed Analysis - https://patrickcoyle.substack.com/p/bills-introduced-1-16-23 - subscription required.