April 27, 2026
Mr. McCormick (for himself, Ms. Smith, Mr. Tillis, Mr. Gallego, Mr. Scott of South Carolina, Mr. Kim, Mr. Kennedy, Mr. Van Hollen, Mr. Ricketts, Ms. Cortez Masto, Mr. Cramer, Ms. Alsobrooks, Mr. Crapo, Mr. Warnock, Mr. Rounds, Ms. Blunt Rochester, Mrs. Britt, Mr. Warner, Mr. Hagerty, Mr. Schumer, Mr. Banks, Mr. Moreno, Ms. Lummis, Mr. Sheehy, Mr. Padilla, Mrs. Capito, Mrs. Gillibrand, Mr. Boozman, Ms. Baldwin, Mrs. Shaheen, Ms. Rosen, Mr. Risch, Mr. Blumenthal, Mr. Moran, Mr. Schatz, Mr. Daines, Ms. Hirono, Mr. Young, Mr. Kaine, Mrs. Fischer, and Mr. King) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
September 22, 2026
Reported by Mr. Scott of South Carolina, without amendment
To reauthorize the Terrorism Risk Insurance Act of 2002, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
Section 1. Short title
This Act may be cited as the Terrorism Risk Insurance Program Reauthorization Act of 2026
.
Sec. 2. 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
.