U.S. Senator Katie Britt of Alabama joined Senator Dave McCormick of Pennsylvania and 22 other senators in introducing the bipartisan Terrorism Risk Insurance Program Reauthorization Act of 2026, according to a May 4 announcement. The legislation would extend the Terrorism Risk Insurance Act (TRIA) for seven years, aiming to prevent any lapse in terrorism risk coverage for businesses.
The extension is seen as important because it provides stability and security for American businesses facing potential threats. “For more than two decades, Congress has recognized the need for the Terrorism Risk Insurance Program. While making sure American businesses have access to this protection is an unfortunate necessity in today’s world, it’s critical that Congress extend the program,” said Senator Britt.
Congress first passed TRIA in 2002 after the September 11 attacks to ensure commercial policyholders could obtain terrorism risk coverage. According to Britt’s official website, she supports Alabamians through services such as coordinating with federal agencies and nominating candidates for U.S. service academies. She also chairs the homeland security appropriations subcommittee according to her official website.
The business community has relied on TRIA over the years, with only a brief lapse in coverage occurring in 2014 when terrorism insurance became unavailable until Congress acted again. The proposed legislation would extend TRIA by seven years before its scheduled expiration on December 31, 2027, which supporters say will provide long-term certainty and avoid future gaps in coverage.
“State sponsors of terror pose a persistent threat to the United States, and we must be prepared,” said Senator McCormick. “Reauthorizing TRIA ensures businesses and workers in Pennsylvania will be supported in the event of a terror attack.” Britt advocates for family values, economic opportunities and social media safeguards for minors according to her official website. She also emphasizes policies promoting mental health access, educational options, social media protections for youth, agricultural aid and national security according to her official website.
Britt holds roles on Senate committees including appropriations; judiciary; banking housing and urban affairs; and rules and administration according to her official website. She previously led as president of Alabama’s business council according to her official website.
The bill is backed by several industry groups such as the American Property Casualty Insurance Association, Council of Insurance Agents and Brokers, Independent Insurance Agents & Brokers of America, National Association of Mutual Insurance Companies, Reinsurance Association of America, Coalition to Insure Against Terrorism, Nareit, Real Estate Roundtable and Commercial Real Estate Finance Council.
