The TRIA Program Reauthorization Act of 2026 extends the Terrorism Risk Insurance Program until 2034, which helps private insurers cover losses from terrorism-related incidents. Starting in 2029, the bill raises the threshold for insurance losses that need to be certified under the program. It also establishes rules for how the Department of the Treasury must inform the public about what qualifies as an act of terrorism for this program.
Supporters of the TRIA Program Reauthorization Act of 2026 have praised it for providing stability and certainty in the insurance market, especially for businesses concerned about terrorism risks. They argue that reauthorizing the program is crucial for economic growth and encourages investment in high-risk areas.
Critics of the bill have expressed concerns that increasing the loss threshold could limit coverage for smaller businesses and lead to higher insurance costs. Some also argue that the program may encourage complacency regarding terrorism risks, as it creates a reliance on government support for insurance against such events.
All donations are from employees of Applied Materials, Inc., which may have an interest in the TRIA Program Reauthorization Act of 2026. This concentration of donations suggests a medium risk of conflict of interest.
Top industries and organizations funding Mike Flood, from FEC data.
Source: FEC campaign finance records
