To amend the Terrorism Risk Insurance Act of 2002 to clarify the timing of the assessment with respect to the status of whether an entity is an agency or instrumentality of a terrorist party.

What happened: On September 10, 2026, Rep. Thomas H. Kean (R-NJ-7) introduced HR10339, a bill to amend the Terrorism Risk Insurance Act of 2002 (TRIA). The bill clarifies the timing of the assessment with respect to the status of whether an entity is an agency or instrumentality of a terrorist party. It was referred to the House Committee on the Judiciary. The bill has no cosponsors and no companion bill in the Senate.

Money trail: The bill does not authorize or appropriate any funding. It is a procedural clarification to an existing law. TRIA itself provides a federal backstop for terrorism insurance claims, but this amendment does not change the program's funding or scope.

Convergence: No related signals, procurement, or presidential actions were provided for convergence analysis. The bill stands alone as an isolated procedural measure.

Structural winners and losers: The amendment is too narrow and early-stage to identify specific winners or losers. The terrorism insurance market is dominated by large property/casualty insurers (e.g., Chubb, Travelers, Allstate) and reinsurers (e.g., Everest Re, RenaissanceRe), but this technical change does not materially alter their risk exposure or revenue streams.

Timeline: The bill is in early legislative stages. It must pass the House Judiciary Committee, then the full House, then the Senate, and be signed by the President. Given the lack of cosponsors and the procedural nature, passage is uncertain and likely low priority.