Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
The bill prolongs the federal Terrorism Risk Insurance Program (TRIA) until 2034, ensuring continued back‑stop coverage for insurers after terrorist attacks. It also revises the Treasury Secretary’s certification rules by raising the loss threshold, adding public notice requirements, and imposing a 90‑day deadline for certification. These changes aim to keep the program operational while improving transparency for insurers and the public.
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