H.R. 4634House116th Congress (2019-2021)Passed House

Terrorism Risk Insurance Program Reauthorization Act of 2019

AI-Generated Summary

Updated April 14, 2026 at 8:41 AM UTC

The Terrorism Risk Insurance Program Reauthorization Act of 2019 extends the federal terrorism insurance program for another seven years, moving its termination date to 2027. It updates the schedule for mandatory recoupment payments, adds new reporting requirements on the availability and affordability of terrorism coverage—especially for places of worship—and directs a study on how cyber‑terrorism risks are handled by existing insurance and the program.

Key Provisions

Extends the Terrorism Risk Insurance Program’s end date from 2020 to 2027.
Changes the dates when insurers must make mandatory recoupment payments to the Treasury, shifting several deadlines forward by several years.
Requires the Treasury to report on the availability and affordability of terrorism insurance, including a specific analysis for places of worship.
Mandates the Comptroller General to conduct a study within 180 days on cyber‑terrorism, evaluating the adequacy of cyber liability coverage, market pricing, and whether the current risk‑share system can handle cyber‑terrorism events, and to recommend legislative changes.

Legislative Activity

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14 earlier actions

SenateIntro Referral Latest Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs Committee

November 19, 2019

View full timeline

HouseIntro Referral

Introduced in House

October 11, 2019

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

October 11, 2019

HouseCommittee

Committee Consideration and Mark-up Session Held.

Financial Services Committee

October 29, 2019

HouseCommittee

Committee Consideration and Mark-up Session Held.

Financial Services Committee

October 30, 2019

HouseCommittee

Committee Consideration and Mark-up Session Held.

Financial Services Committee

October 31, 2019

HouseCommittee

Ordered to be Reported (Amended) by the Yeas and Nays: 57 - 0.

Financial Services Committee

October 31, 2019

HouseFloor

Ms. Waters moved to suspend the rules and pass the bill, as amended.

November 18, 2019 • 5:51 PM

HouseFloor

Considered under suspension of the rules. (consideration: CR H8932-8937)

November 18, 2019 • 5:51 PM

HouseFloor

DEBATE - The House proceeded with forty minutes of debate on H.R. 4634.

November 18, 2019 • 5:51 PM

HouseFloor

At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

November 18, 2019 • 6:19 PM

HouseFloor

Considered as unfinished business. (consideration: CR H8940-8941)

November 18, 2019 • 6:59 PM

HouseFloor

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 385 - 22 (Roll no. 626).(text: CR H8932-8933)

View vote Passed

November 18, 2019 • 7:07 PM

HouseFloor

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 385 - 22 (Roll no. 626). (text: CR H8932-8933)

View vote Passed

November 18, 2019 • 7:07 PM

HouseFloor

Motion to reconsider laid on the table Agreed to without objection.

November 18, 2019 • 7:07 PM

SenateIntro Referral

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs Committee

November 19, 2019

Voting History

1 vote recorded • Roll call available

HOUSE

Roll Call Available

November 18, 2019 at 7:05 PM

On Motion to Suspend the Rules and Pass, as Amended

Majority required: 2/3 (66.7%)

Passed

385 - 22

Bill Text

3 versions available

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Referred in SenateIssued November 19, 2019

IIB

116th CONGRESS

1st Session

H. R. 4634

IN THE SENATE OF THE UNITED STATES

November 19, 2019

Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs

AN ACT

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

Short title

This Act may be cited as the Terrorism Risk Insurance Program Reauthorization Act of 2019.

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 2020 and inserting 2027.

(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 2017 and inserting 2022; and

(B)

by striking 2019 and inserting 2024;

(2)

in subclause (II)—

(A)

by striking 2018 and inserting 2023;

(B)

by striking 2019 and inserting 2024; and

(C)

by striking 2024 and inserting 2029; and

(3)

in subclause (III)—

(A)

by striking 2019 and inserting 2024; and

(B)

by striking 2024 and inserting 2029.

(c)

Ongoing reports regarding market conditions for terrorism risk insurance

Paragraph (2) of section 104(h) of the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) is amended—

(1)

by redesignating subparagraphs (B) through (E) as subparagraphs (C) through (F), respectively; and

(2)

by inserting after subparagraph (A) the following new subparagraph:

(B)

an evaluation of the availability and affordability of terrorism risk insurance, which shall include an analysis of such availability and affordability specifically for places of worship;

(d)

Study and report on cyber terrorism

Not later than the expiration of the 180-day period beginning on the date of the enactment of this Act, the Comptroller General of the United States shall conduct a study and report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate, which shall—

(1)

analyze and address—

(A)

overall vulnerabilities and potential costs of cyber attacks to the United States public and private infrastructure that could result in physical or digital damage;

(B)

whether State-defined cyber liability under a property and casualty line of insurance is adequate coverage for an act of cyber terrorism;

(C)

whether such risks can be adequately priced by the private market; and

(D)

whether the current risk-share system under the Terrorism Risk Insurance Act of 2002 is appropriate for a cyber terrorism event; and

(2)

set forth recommendations on how the Congress could amend such Act to meet the next generation of cyber threats.

Determination of budgetary effects

The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go-Act of 2010, shall be determined by reference to the latest statement titled Budgetary Effects of PAYGO Legislation for this Act, submitted for printing in the Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage.

Passed the House of Representatives November 18, 2019.

Cheryl L. Johnson,

Clerk