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S 4395
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Terrorism Risk Insurance Program Reauthorization Act of 2026

To reauthorize the Terrorism Risk Insurance Act of 2002, and for other purposes.

Introduced Apr 27, 2026

Latest action (Apr 27, 2026) Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Referred to
Banking, Housing, and Urban Affairs Committee
Policy area
Finance and Financial Sector
Issues
Economy & Taxes

Summary

This bill extends the Terrorism Risk Insurance Program, which was originally established by the Terrorism Risk Insurance Act of 2002, for seven additional years through 2034. The bill amends the program's termination date from 2027 to 2034 and updates the timing of mandatory recoupment provisions, which require the insurance industry to recover costs from policyholders, by shifting key dates forward by seven years. The updated recoupment schedule would begin in 2029 instead of 2022 and conclude by 2036 instead of 2029, with intermediate dates adjusted accordingly. This reauthorization maintains the federal backstop program that provides insurance coverage against terrorist attacks.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
32 cosponsors

Actions (2)
  1. Apr 27, 2026 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
  2. Apr 27, 2026 Introduced in Senate

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • HR 7128 — TRIA Program Reauthorization Act of 2026 · Passed House Jul 13, 2026 · Cong. 119 70%
  • HR 7512 — Preserving Counterterrorism Capabilities Act of 2026 · Introduced Feb 12, 2026 · Cong. 119 62%
  • HR 5484 — National Flood Insurance Program Reauthorization and Reform Act of 2025 · Introduced Sep 19, 2025 · Cong. 119 61%
  • HR 9391 — Reimbursable Screening Services Program Extension Act of 2026 · Passed House Jul 14, 2026 · Cong. 119 60%
  • S 2551 — Extending Anti-Terrorism Protections Act of 2025 · Introduced Jul 30, 2025 · Cong. 119 60%
  • S 848 — REPORT Act · Introduced Nov 3, 2025 · Cong. 119 60%

Full text

IN THE SENATE OF THE UNITED STATES

April 27, 2026

Mr. McCormick (for himself, Ms. Smith, Mr. Tillis, Mr. Gallego, Mr. Scott of South Carolina, Mr. Kim, Mr. Kennedy, Mr. Van Hollen, Mr. Ricketts, Ms. Cortez Masto, Mr. Cramer, Ms. Alsobrooks, Mr. Crapo, Mr. Warnock, Mr. Rounds, Ms. Blunt Rochester, Mrs. Britt, Mr. Warner, Mr. Hagerty, Mr. Schumer, Mr. Banks, Mr. Moreno, and Ms. Lummis) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To reauthorize the Terrorism Risk Insurance Act of 2002, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Terrorism Risk Insurance Program Reauthorization Act of 2026”.

SEC. 2. 7-YEAR EXTENSION OF TERRORISM RISK INSURANCE PROGRAM.

(a) Termination Date.—Section 108(a) of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended by striking “2027” and inserting “2034”.

(b) Timing of Mandatory Recoupment.—Section 103(e)(7)(E)(i) of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended—

(1) in subclause (I)—

(A) by striking “2022” and inserting “2029”; and

(B) by striking “2024” and inserting “2031”;

(2) in subclause (II)—

(A) by striking “2023” and inserting “2030”;

(B) by striking “2029” and inserting “2036”; and

(C) by striking “2024” and inserting “2031”; and

(3) in subclause (III)—

(A) by striking “2029” and inserting “2036”; and

(B) by striking “2024” and inserting “2031”. <all>

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