S. 4395 · Passed Senate · Finance and Financial Sector

Terrorism Risk Insurance Program Reauthorization Act of 2026

Sponsor: David McCormick (R-PA)

What it does

• Extends the Terrorism Risk Insurance Program termination date from 2027 to 2034.
• Adjusts the mandatory recoupment schedule for insurance industry backstop assessments, pushing collection timelines forward to 2029-2036.

Latest action

Oct 5, 2026: Held at the desk.

Committee: Senate Banking, Housing, and Urban Affairs