Terrorism Risk Insurance Program Reauthorization Act of 2026
The source supplies the latest action, but no lifecycle stage.
Latest action (5 Oct 2026): Held at the desk.
What this bill does
This bill, S. 4395, proposes to extend the Terrorism Risk Insurance Program for seven years, changing the program's termination date from 2027 to 2034. It also adjusts dates related to mandatory recoupment within the program.
The legislation affects individuals and businesses that hold property and casualty insurance policies, as well as the insurance industry itself. The Terrorism Risk Insurance Act of 2002 provides a federal backstop for insurance claims resulting from acts of terrorism, and its reauthorization ensures this program would continue to operate.
Having passed the Senate without amendment on September 28, 2026, the bill now moves to the House of Representatives for consideration.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Terrorism Risk Insurance Program Reauthorization Act of 2026
This bill reauthorizes the Terrorism Risk Insurance Program through 2034. The program covers a portion of the losses incurred by private insurers for property and casualty insurance coverage for terrorism risk.
Timeline
5 Oct 2026
Held at the desk.
Common questions
- What does S. 4395 do?
- This bill, S. 4395, proposes to extend the Terrorism Risk Insurance Program for seven years, changing the program's termination date from 2027 to 2034. It also adjusts dates related to mandatory recoupment within the program. The legislation affects individuals and businesses that hold property and casualty insurance policies, as well as the insurance industry itself. The Terrorism Risk Insurance Act of 2002 provides a federal backstop for insurance claims resulting from acts of terrorism, and its reauthorization ensures this program would continue to operate. Having passed the Senate without amendment on September 28, 2026, the bill now moves to the House of Representatives for consideration.
- Has S. 4395 become law?
- The source does not supply a confirmed lifecycle stage for S. 4395. Check the latest action and official source below.
- Who sponsored S. 4395?
- S. 4395 was sponsored by Sen. McCormick, David [R-PA] (R-PA), with 42 cosponsors.
- What's the latest action on S. 4395?
- Held at the desk. (5 Oct 2026).
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