What does Preamble of Terrorism Risk Insurance Program Reauthorization Act of 2026 do?

This bill is formally titled 'A bill to reauthorize the Terrorism Risk Insurance Act of 2002, and for other purposes.'

What does SHORT TITLE. of Terrorism Risk Insurance Program Reauthorization Act of 2026 do?

This bill is formally titled the Terrorism Risk Insurance Program Reauthorization Act of 2026.

What does 7-YEAR EXTENSION OF TERRORISM RISK INSURANCE PROGRAM. of Terrorism Risk Insurance Program Reauthorization Act of 2026 do?

This section amends the Terrorism Risk Insurance Act of 2002. It extends the Terrorism Risk Insurance Program's termination date from 2027 to 2034. It modifies the timing of mandatory recoupment within Section 103(e)(7)(E)(i) of the Act, adjusting several dates. Specifically, it changes recoupment dates related to subclauses (I), (II), and (III) of Section 103(e)(7)(E)(i).

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Terrorism Risk Insurance Program Reauthorization Act of 2026

Last updated: 4/27/2026 · Introduced: 4/27/2026

Author: David McCormick (R-PA)

TL;DR (AI)

The bill extends the Terrorism Risk Insurance Program, originally set to expire in 2027, through 2034.
It modifies the schedule for recouping losses from the Terrorism Risk Insurance Program.
The bill amends the Terrorism Risk Insurance Act of 2002 to implement these changes.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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