Bill · S. 4395· Senate(119-S-4395)

Terrorism Risk Insurance Program Reauthorization Act of 2026

Age: 61 years

Pennsylvania

Introduced: 4/27/2026
Last activity: 10/5/2026 — Held at the desk.
Sponsored by: David McCormick
Cosponsors: - 21 - 20

Finance and Financial Sector

Introduced
Passed Senate
Awaiting House

What this bill would do

This bill is known as the Terrorism Risk Insurance Program Reauthorization Act of 2026. It extends the Terrorism Risk Insurance Act of 2002 by seven years. The new termination date for the program is changed from 2027 to 2034. It also updates the timing for mandatory recoupment in Section 103(e)(7)(E)(i). The Senate passed this act on September 28, 2026.

Yes· 3 of 5

Is this likely to grow the economy?+3
Extending the Terrorism Risk Insurance Program provides stability and confidence for commercial real estate and business investments.
Does this make it easier to run a small business?+3
Small businesses benefit from continued market stability and availability of terrorism risk insurance.
Would business owners be better off under this?+3
Business owners benefit from the extended availability and affordability of terrorism risk insurance coverage.