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S. 4395119th CongressIn committeeLatest action Apr 27, 2026Decoded by AI · checked against the record
Official title: Terrorism Risk Insurance Program Reauthorization Act of 2026
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
The bill extends the federal terrorism insurance backstop program from 2027 to 2034.
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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.
The bill affects insurance companies, businesses that carry commercial property and casualty insurance, and policyholders generally.
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.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.