Extends the Terrorism Risk Insurance Program by seven years, through 2034.
The Terrorism Risk Insurance Program Reauthorization Act of 2026 extends the Terrorism Risk Insurance Program, originally established by the Terrorism Risk Insurance Act of 2002, through 2034. This program provides a federal backstop for insurance companies to cover losses from terrorist attacks. The bill also adjusts the timing of mandatory recoupment of funds from the program, extending the deadlines for recoupment to 2031 and 2036. This extension aims to maintain the availability of terrorism risk insurance for businesses and individuals.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.