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S. 4395 · Senate bill · 119th Congress
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.
This Act may be cited as the “Terrorism Risk Insurance Program Reauthorization Act of 2026”.
(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”.