Passed in January 2015, after a delay when the outgoing Congress failed to
reauthorize the Terrorism Risk Insurance Act (TRIA) in the last days of the
2014 legislative session, TRIPRA of 2015 extended TRIA through December 31,
2020. It also made several changes to the reinsurance program, including
reducing the federal share of insured terrorism losses incrementally through
2020, increasing the trigger threshold for federal involvement in insured
terrorism losses incrementally through 2020, and increasing the mandatory
recoupment of federal losses incrementally through 2020.