US HB7128

Extends the Terrorism Risk Insurance Program from 2027 to 2034, providing a 7-year reauthorization of the federal backstop for terrorism-related insurance losses

Increases the minimum property and casualty insurance loss threshold for terrorism certification from $5,000,000 to $25,000,000

Requires the Secretary to publish a Federal Register notice within 30 days of beginning the process to determine whether to certify an act as terrorism, with a 90-day decision deadline following that notice

Updates various program date references throughout the statute, shifting timeline years forward by 7 years (e.g., 2022 to 2029, 2024 to 2031, 2029 to 2036)

Standardizes program terminology by replacing "Terrorism Insurance Program" with "Terrorism Risk Insurance Program" throughout the Act