S. 4395Senate119th Congress (2025-2027)Passed Senate

Terrorism Risk Insurance Program Reauthorization Act of 2026

A bill to reauthorize the Terrorism Risk Insurance Act of 2002, and for other purposes.

AI-Generated Summary

Updated September 29, 2026 at 10:41 AM UTC

The Terrorism Risk Insurance Program Reauthorization Act of 2026 extends the federal terrorism insurance program that was created in 2002. It pushes the program’s end date out to 2034 and updates several dates that trigger mandatory recoupment of funds. The changes affect insurers, policyholders, and the federal government’s role in covering terrorism-related losses.

Key Provisions

Extends the program’s termination date from 2027 to 2034.
Updates the schedule for mandatory recoupment of funds, moving the relevant dates forward (e.g., from 2022 to 2029, from 2024 to 2031, and other similar adjustments through 2036).

Legislative Activity

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8 earlier actions

HouseFloor Latest Action

Held at the desk.

October 5, 2026 • 4:54 PM

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SenateIntro Referral

Introduced in Senate

April 27, 2026

SenateIntro Referral

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

Banking, Housing, and Urban Affairs Committee

April 27, 2026

SenateCommittee

Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.

Banking, Housing, and Urban Affairs Committee

September 17, 2026

SenateCommittee

Committee on Banking, Housing, and Urban Affairs. Reported by Senator Scott SC, without amendment. Without written report.

Banking, Housing, and Urban Affairs Committee

September 22, 2026

SenateCalendars

Placed on Senate Legislative Calendar under General Orders. Calendar No. 672.

September 22, 2026

SenateFloor

Passed Senate without amendment by Unanimous Consent. (consideration: CR S5122-5123; text: CR S5123)

September 28, 2026

SenateFloor

Message on Senate action sent to the House.

October 5, 2026

HouseFloor

Received in the House.

October 5, 2026 • 4:32 PM

HouseFloor

Held at the desk.

October 5, 2026 • 4:54 PM

Floor Debate

1 member

What members said about S. 4395 on the floor

1 Republican

Sen. Mike LeeR-UT · Sep 28, 2026

Mr. President, I ask unanimous consent that the Senate proceed to the immediate consideration of Calendar No. 672, S. 4395. I ask unanimous consent that the bill be considered read a third time and…

Bill Text

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Engrossed in SenateIssued September 28, 2026

119th CONGRESS

2d Session

S. 4395

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 2026.

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.

Passed the Senate September 28, 2026.

Secretary