Bill · 119th Congress
S. 4395
Terrorism Risk Insurance Program Reauthorization Act of 2026
- 01 Introduced
- 02 Committee
- 03 Passed Senate
- 04 Passed House
- 05 To President
- 06 Law
Latest action · Oct 5, 2026
Held at the desk.
What this bill does
Overview
Under the Terrorism Risk Insurance Program, run by the Treasury Department, the federal government pays part of what private insurers owe after a terrorist attack on property and casualty policies, which cover damage to property and legal liability. The program is now set to end on December 31, 2027, and this bill would extend it seven years, to December 31, 2034. In some cases the law requires the Treasury to recover part of its payments later by adding surcharges to property and casualty insurance policies, and the bill would push back those collection deadlines by seven years as well, moving the latest one from September 30, 2029, to September 30, 2036. Nothing else about the program would change, including how much of insurers' losses the government covers.
Supporters say
The program keeps terrorism coverage available and affordable for businesses and property owners, and that letting it lapse could make it harder to insure or finance large buildings and projects.
Critics say
The program shifts risk from private insurers to taxpayers, and that extending it again discourages the insurance industry from developing its own ways to cover terrorism losses.
Official summary · Congressional Research Service
Terrorism Risk Insurance Program Reauthorization Act of 2026
This bill reauthorizes the Terrorism Risk Insurance Program through 2034. The program covers a portion of the losses incurred by private insurers for property and casualty insurance coverage for terrorism risk.
Congressional Research Service · Passed Senate · Sep 28, 2026
How Congress voted
No recorded votes yet. Many bills pass by voice vote or unanimous consent, where no one's individual vote is written down.
Timeline
- Oct 5, 2026Held at the desk.
- Oct 5, 2026Received in the House.
- Oct 5, 2026Message on Senate action sent to the House.
- Sep 28, 2026Passed Senate without amendment by Unanimous Consent. (consideration: CR S5122-5123; text: CR S5123)
- Sep 28, 2026Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent. (consideration: CR S5122-5123; text: CR S5123)
- Sep 22, 2026Placed on Senate Legislative Calendar under General Orders. Calendar No. 672.
- Sep 22, 2026Committee on Banking, Housing, and Urban Affairs. Reported by Senator Scott SC, without amendment. Without written report.
- Sep 17, 2026Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.
- Apr 27, 2026Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Apr 27, 2026Introduced in Senate
Cosponsors
42 members
- Angela D. AlsobrooksD-MD
- Jim BanksR-IN
- Lisa Blunt RochesterD-DE
- Katie Boyd BrittR-AL
- Catherine Cortez MastoD-NV
- Kevin CramerR-ND
- Mike CrapoR-ID
- Ruben GallegoD-AZ
- Bill HagertyR-TN
- John KennedyR-LA
- Andy KimD-NJ
- Cynthia M. LummisR-WY
- Bernie MorenoR-OH
- Pete RickettsR-NE
- Mike RoundsR-SD
- Charles E. SchumerD-NY
- Tim ScottR-SC
- Tina SmithD-MN
- Thom TillisR-NC
- Chris Van HollenD-MD
- Mark R. WarnerD-VA
- Raphael G. WarnockD-GA
- Alex PadillaD-CA
- Tim SheehyR-MT
- Shelley Moore CapitoR-WV
- Kirsten E. GillibrandD-NY
- Tammy BaldwinD-WI
- John BoozmanR-AR
- Jacky RosenD-NV
- Jeanne ShaheenD-NH
Show all 42
- Richard BlumenthalD-CT
- James E. RischR-ID
- Jerry MoranR-KS
- Brian SchatzD-HI
- Steve DainesR-MT
- Mazie K. HironoD-HI
- Tim KaineD-VA
- Todd YoungR-IN
- Deb FischerR-NE
- Angus S. King, Jr.I-ME
- Ted BuddR-NC
- Ben Ray LujánD-NM
Details
Related bills
Cost estimates · Congressional Budget Office
None published
Subject tags · 2