One day after the new session of Congress convened, the U.S. House of Representatives passed a bill on Jan. 7 to reform the Terrorism Risk Insurance Act (TRIA) and reauthorize the program for six years through 2020.
The “Terrorism Risk Insurance Program Reauthorization Act of 2015” (H.R. 26), which passed by a vote of 416-5, is identical to legislation (S. 2244) that was overwhelmingly passed by the House in December by a vote of 417-7. That bill died when the Senate failed to consider the measure before the last session of Congress adjourned.