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Terrorism insurance backstop extended seven years, to 2034
Data as of July 14, 2026
The bill extends the federal terrorism insurance backstop program from 2027 to 2034.50-second read · 5 questions answered below
Decoded
What does this do?
This bill extends the federal Terrorism Risk Insurance Program for another seven years, moving its expiration from 2027 to 2034. Under the program, the federal government shares claim costs with insurers when a certified act of terrorism causes damages above a certain threshold. The bill also pushes back by about seven years the deadlines for repaying federal funds spent under the program through insurance policy surcharges.
Who does it affect?
The bill affects insurance companies, businesses that carry commercial property and casualty insurance, and policyholders generally.
Why does it matter?
Without reauthorization, insurers might have raised prices or reduced terrorism coverage due to uncertainty about the program's future. The bill does not change how claims are paid or who is eligible; it only extends the timeline and adjusts related repayment deadlines.
What does it cost, and who pays?
- Repaid via policy surcharges
- Deadlines pushed back ~7 years
- Matches new 2034 expiration
Where does it stand?
- Introduced
- Senate committee — You are here
- Senate vote
- House
- President's desk
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
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Official title
Terrorism Risk Insurance Program Reauthorization Act of 2026
- Introduced:
- April 27, 2026
- Latest action:
- April 27, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Read the official bill on Congress.govMake the call
Three steps: where you stand, your script, the call.